Economic TimesLean R·
Hardening bond yields to weigh on bank profits in September quarter
ET Intelligence Group: Nifty 50 banks are expected to report 11.5% year-on-year growth in aggregate net interest income (NII) for the September quarter, according to the average of estimates by ETIG and four broking firms. However, growth in pre-provision operating profit and net profit will be slower, at around 10%, given the pressure on treasury income due to hardened bond yields. Credit costs are expected to stay benign during the quarter amid stable asset quality.The quarter was marked by s…
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