Prabhudas Lilladher has released his earnings estimates for the second quarter (July 21) for the banking sector. The brokerage house expects the South Indian Bank to record a net income of Rs. 37.2 billion (261.1% more compared to the previous quarter).
Net Interest Income (NII) is expected to increase 21 percent YoY (minus 3.4 percent QoQ) to Rs. 523.7 crore, according to Prabhudas Lilladher.
Pre-provision profit (PPP) is likely to increase 16.2% YoY (minus 6.1% QoQ) to Rs. $ 480.9 million.
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