Kotak has come out with its first quarter (April-June’ 19) earnings estimates for the Banks/Diversified Financials sector. The brokerage house expects State Bank of India to report net profit at Rs. 2,535.7 crore, up 202% quarter-on-quarter.
Net Interest Income (NII) is expected to increase by 3 percent Y-o-Y (down 2 percent Q-o-Q) to Rs. 22,520.7 crore, according to Kotak.
Pre Provision Profit (PPP) is likely to rise by 27% Y-o-Y (down 10 percent Q-o-Q) to Rs. 15,173.8 crore.
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