HDFC Bank, the country's largest private sector lender, is expected to post a 23 percent rise in its June quarter net profit to Rs 4,785.3 crore on stable asset quality and interest income, according to a Reuters poll of analysts.
The bank will declare its results for the quarter on Saturday. It had reported a standalone profit after tax of Rs 3,893.8 crore for the corresponding quarter last year.
Net interest income (NII), the difference between interest earned and interest expended, is seen growing 19.2 percent year on year to Rs 11,167.4 crore, according to the Reuters poll.
Brokerages have said the bank's NII will likely rise 15-20 percent, and that it could also report a higher other-income number."We expect 20 percent YoY growth in advances along with stable net interest margin (NIMs). Non-interest income should be healthy, growing 21 percent YoY. We expect elevated provisioning to continue (as has been the trend since last 5 quarters). Deposits are expected to continue to show strong traction," KR Choksey said in a report.
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