Motilal Oswal has come out with its fourth quarter (January - March’ 23) earnings estimates for the Banking and Financial sector. The brokerage house expects Canara Bank to report net profit at Rs. 3,078.2 crore up 84.7% year-on-year (up 6,8% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 33,8 percent Y-o-Y (up 9 percent Q-o-Q) to Rs. 9,374.9 crore, according to Motilal Oswal.
Pre Provision Operating Profit (PPOP) is likely to rise by 22.8% Y-o-Y (up 9.6 percent Q-o-Q) to Rs. 7,616.8 crore.
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