Canara Bank is to announce its first quarter results. According to CNBC-TV18's estimates, the company's Q1FY12 net interest income (NII) is seen up 16% at Rs 2000 crore versus Rs 1728 crore.
Its PAT is seen down 5.5% at Rs 959 crore versus Rs 1013.4 crore.
Other expectations
· Loans expected to grow 25%
· Deposits to grow 28%
· NIMs likely to see some compression - around 10-20 bps
· Non interest income expected to decline 16-17% due to lower treasury income
· Profits will be subdued as the banks need to make provisions for revised NPL provisioning norms and due to higher provisions
· Key watchables - NPAs & extent of margin decline
Its PAT is seen down 5.5% at Rs 959 crore versus Rs 1013.4 crore.
Other expectations
· Loans expected to grow 25%
· Deposits to grow 28%
· NIMs likely to see some compression - around 10-20 bps
· Non interest income expected to decline 16-17% due to lower treasury income
· Profits will be subdued as the banks need to make provisions for revised NPL provisioning norms and due to higher provisions
· Key watchables - NPAs & extent of margin decline
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