Net Interest Income of Kotak Mahindra Bank is expected to increase by 6 percent Q-o-Q (up 11.7 percent Y-o-Y) to Rs 1024.3 according to ICICIdirect.
ICICIdirect has come out with its April-June quarter earnings estimates for the banking sector. The brokerage house expects Kotak Mahindra Bank to report a 5.9 percent growth quarter-on-quarter (growth of 7 percent year-on-year) in net profit at Rs 431 crore.
Net Interest Income is expected to increase by 6 percent Q-o-Q (up 11.7 percent Y-o-Y) to Rs 1024.3 according to ICICIdirect.com.
ICICIdirect.com's report on Kotak Mahindra Bank:
Credit growth may remain subdued at 12 percent Y-o-Y to Rs 5,56,789 crore. Margins are expected to stay steady at 4.9 percent. Asset quality may stay stable but we have provisioned higher Q-o-Q at Rs 80 crore. Net profit is expected at Rs 431 crore (up 7 percent Y-o-Y). We expect subsidiaries performance to remain stable.
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Kotak Mahindra Q1 net seen up 7% to Rs 431 cr: ICICIdirect
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