Yes Bank Q3 PAT seen 13.4% up at Rs 388 crore

MUMBAI: Yes Bank will be announcing its third quarter results tomorrow. According to an ET Now poll, the bank's net profit is expected to rise to Rs 388 crore, up 13.4 per cent, as against Rs 342.3 crore in the corresponding quarter of the last fiscal year.

Net interest income is seen at Rs 687 crore, up 17.6 per cent, as compared to Rs 584.3 crore in the year-ago quarter.

Pre-provision profit (PPP), or profits before deducting any provisions, is likely to rise 14 per cent to Rs 642 crore from Rs 563.5 crore in the same quarter last fiscal year.

According to analysts, the bank’s net interest margins are likely to dip 5-10 bps quarter on quarter (QoQ).

Overall, fee income trends are likely to moderate, and asset quality is expected to remain largely stable and slippages may rise marginally (QoQ).

Factors to watch:

- Trend in NIMs, accretion in savings account depsoits

- Asset quality trends

- Capital raising plans

- Outlook on growth and branch expansion

The stock ended at Rs 346.30, up 1.91 per cent, on the BSE. It touched a high of Rs 347.50 and a low of Rs 340 in trade today.