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IndusInd Bank is likely to report 17 percent year-on-year (YoY) rise in net interest income (NII) in the October-December quarter (Q3FY23-24) led by strong credit growth, said analysts. Profit, too, is seen to be growing by 16.5 percent YoY, aided by healthy income and margin improvement. The private sector lender will report Q3 results on January 18.
According to an average estimate of five brokerages, IndusInd Bank’s NII is projected to grow to Rs 5,251 crore in Q3FY23-24 compared to Rs 4,495 crore in…
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