ICICI Bank Q3 net profit seen down 11.56% at Rs 1088.1 cr

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ICICI Bank Q3 net profit seen down 11.56% at Rs 1088.1 cr

This article was posted on Jan 27, 2009 and is filed under Stock News

ICICI Bank is to announce its Q3FY09 numbers. According to CNBC-TV18 estimates, its Q3 net profit is seen going down by 11.56% to Rs 1,088.1 crore from Rs 1,230.3 crore, YoY.

Net interest income, NII is expected to go up by 7.25% to Rs 2,101.81 crore from Rs 1,959.7 crore.

Q3FY09 Expectations

Muted loan growth of 5% as retail loan growth down substantially

Credit growth to be hit due to funding pressure faced in Oct-Nov

Lower operating expenses to mitigate some pressure

Provisions expected to increase by 25%

Net Profit to decline by 11.5%

Source : MoneyControl

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