Tuesday, 12 January 2016

IndusInd Bank Q3 profit seen up 23%

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Private sector lender IndusInd Bank is expected to report strong growth in third quarter earnings on Tuesday. 

Profit is likely to increase 23.4 percent year-on-year to Rs 551.8 crore in quarter ended December 2015, according to average of estimates of analysts polled by CNBC-TV18. 

Other income is likely to support bottomline. Net interest income, the difference between interest earned and interest expended, may grow 30.5 percent to Rs 1,124.5 crore during the quarter compared to Rs 861.4 crore in year-ago period. 

Retail lending will be closely watched as it surged 23 percent in September quarter.

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