ICICI Bank Q3 PAT seen at Rs 2,087 crore
According to ET Now poll, the bank’s net profit is likely to grow to Rs 2,087 cr, up 20.8%, as compared to a net profit of Rs 1,728 cr.
By ET Online |
MUMBAI: ICICI Bank will be announcing its third quarter results tomorrow. According to ET Now poll, the bank’s net profit is likely to grow to Rs 2,087 crore, up 20.8 per cent, as compared to a net profit of Rs 1,728 crore, in the corresponding quarter last year.
Net interest income is seen at Rs 3,519 crore, up 30 per cent, as against Rs 2,712 crore in year-ago period.
Pre provision profit (PPP) or profits before deducting any provisions, is expected to have grown to Rs 3,347 crore, up 24.6 per cent, as compared to Rs 2,687 crore, Year-on-Year.
The bank’s NIMs are likely to be stable around 3 per cent, Quarter-on-Quarter. Fee income is likely to be muted but will be aided by trading profits. Restructured assets likely to be high (corporate-mid corporate segment).
According to the poll, the overall asset quality is likely to be fair. Loan growth is expected to moderate at about 15-16 per cent, Y-o-Y. Retail growth is likely to be healthy as well.
Net interest income is seen at Rs 3,519 crore, up 30 per cent, as against Rs 2,712 crore in year-ago period.
Pre provision profit (PPP) or profits before deducting any provisions, is expected to have grown to Rs 3,347 crore, up 24.6 per cent, as compared to Rs 2,687 crore, Year-on-Year.
The bank’s NIMs are likely to be stable around 3 per cent, Quarter-on-Quarter. Fee income is likely to be muted but will be aided by trading profits. Restructured assets likely to be high (corporate-mid corporate segment).
According to the poll, the overall asset quality is likely to be fair. Loan growth is expected to moderate at about 15-16 per cent, Y-o-Y. Retail growth is likely to be healthy as well.
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