ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Banking & Financial Services sector. The brokerage house expects HDFC Bank to report net profit at Rs. 8,511.3 crore up 27.8% year-on-year (down 2.2% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 9.7 percent Y-o-Y (up 1.7 percent Q-o-Q) to Rs. 17,191 crore, according to ICICI Direct.
Pre Provision Profit (PPP) is likely to rise by 19.7% Y-o-Y (up 1.7 percent Q-o-Q) to Rs. 15,356.8 crore.
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