India's third largest lender HDFC Bank is expected to report a 31% rise in first quarter FY12 profit after tax of Rs 1,064.2 crore as against Rs 811.7 crore in a year ago period, according to CNBC-TV18 estimates.
Net interest income is seen going up by 19.7% to Rs 2,874.6 crore from Rs 2,401 crore on year-on-year basis.
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Other expectations
-Some margin contraction is likely between 10 to 15 basis points due to:
o Full quarter impact of hike in savings rate will impact net interest margins (NIMs)
o Deposit rate hike
o But strong CASA base will cushion NIMs
-Loan growth to be subdued on account of higher base effect
o (3G related disbursements in FY11)
-Deposit growth should be stronger due to increase in term deposits
-Asset quality is likely to remain stable – could even see an improvement
-Non interest income is expected to grow around 13%
o Full quarter impact of hike in savings rate will impact net interest margins (NIMs)
o Deposit rate hike
o But strong CASA base will cushion NIMs
-Loan growth to be subdued on account of higher base effect
o (3G related disbursements in FY11)
-Deposit growth should be stronger due to increase in term deposits
-Asset quality is likely to remain stable – could even see an improvement
-Non interest income is expected to grow around 13%
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