Sharekhan has come out with its fourth quarter (January-March’ 21) earnings estimates for the Banking sector. The brokerage house expects Punjab National Bank to report net profit at Rs 948 crore (up 87.3% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 83.5 percent Y-o-Y (up 3.3 percent Q-o-Q) to Rs 8,586 crore, according to Sharekhan.
Pre Provision Profit (PPP) is likely to rise by 62% Y-o-Y (down 0.3 percent Q-o-Q) to Rs 6,372 crore.
Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.
Read More