Motilal Oswal has come out with its first quarter (April-June’ 21) earnings estimates for the Banks and Insurance sector. The brokerage house expects Bandhan Bank to report net profit at Rs. 184 crore down 66.5% year-on-year (up 78.6% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 12.1 percent Y-o-Y (up 15.6 percent Q-o-Q) to Rs. 2,031.5 crore, according to Motilal Oswal.
Pre Provision Profit (PPP) is likely to rise by 12.9% Y-o-Y (up 3.4 percent Q-o-Q) to Rs. 1,788.6 crore.
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