ICICI Direct has come out with its third quarter (October-Decemberâ€™ 18) earnings estimates for the Banking & Financial Institutions sector. The brokerage house expects Indusind Bank to report net profit at Rs. 954.9 crore up 2% year-on-year (up 3.8% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 17.9 percent Y-o-Y (up 1.4 percent Q-o-Q) to Rs. 2,233.5 crore, according to ICICI Direct.
Pre Provision Profit (PPP) is expected to rise by 22.7% Y-o-Y (up 2.5 percent Q-o-Q) to Rs. 2,043.2 crore.
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