 "Bank")
With increases in lending rates, high credit growth, and lower credit costs, banks are likely to report a significant rise in net interest income (NII) and profits year-on-year (YoY) in the quarter ended June 2022 (Q1FY23).
Sequentially, however, they may show flat growth in NII and a drop in the bottom line over the March 2022 quarter (Q4FY22) because treasury profits took a hit due to yields hardening.
According to Bloomberg’s data on analysts’ estimates, net profits of the 12 listed banks in Q1FY23 will grow 47 per cent YoY and shrink 7.8 per cent sequentially.
