Net profit of 19 listed banks for the quarter ended December 2024 (Q3FY25) is likely to grow at a modest pace of 9.7 per cent year-on-year (Y-o-Y). This is owing to pressure on margins, moderation in credit off-take, along with some increase in credit costs, according to analysts' estimates.
Net profit may shrink sequentially by 5.2 per cent over the quarter ended September 2024 (Q2FY25), the estimates by analysts for 19 banks, sourced from Bloomberg, showed.
The estimates show that banks' net interest income (NII), interest earned minus interest expended, may grow 9.1 per cent Y-o-Y. Sequentially, NII may decline by 0.9 per cent over September 2024.
Karan Gupta, head and director financial institutions, India Ratings said NII and margins will remain under pressure due to rising cost of funds and slippages. The NPAs would lead to reversal of income, eroding into interest income, he said.
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