Net interest income, the difference between interest earned and interest expended, may increase 9.3 percent to Rs 599 crore in the quarter ended September 2014 from Rs 548 crore in same quarter last year.
Kerala-based private sector lender Federal Bank , which will announce its second quarter numbers on Thursday, is expected to report a 3.6 percent growth in profit at Rs 234.1 crore compared to Rs 226 crore in the year-ago period, according to the average of estimates of analysts polled by CNBC-TV18.
Net interest income, the difference between interest earned and interest expended, may increase 9.3 percent to Rs 599 crore in the quarter ended September 2014 from Rs 548 crore in same quarter last year.
Overall, expectations are of a stable quarter from the bank post IndusInd Bank numbers announced on Monday. Analysts expect loan book traction to be maintained during the quarter with 13.5 percent year-on-year and 5 percent quarter-on-quarter growth in credit.
In Q1FY15, sequential credit growth was 3.6 percent with retail, SME, agriculture and corporate segments growing 7 percent.
Net interest margin is expected to be in the range of 3.25-3.35 percent compared to 3.25 percent in previous quarter while the asset quality of the bank is likely to stay manageable. Previous quarter (Q1) saw stressed asset formation decline (to Rs 310 crore from Rs 580 crore Q-o-Q) led by fresh restructuring that was lower on sequential basis.
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