Akash Jha
Nirmal Bang has released its earnings forecasts for the Banking industry for the first quarter (April-June’24). Investment bankers anticipate Bank of Baroda’s net profit to be Rs. 4,469.2 crore, up 106.1% year on year (down 6.4% quarter on quarter).
According to Nirmal Bang, NII should rise 32% year-over-year (up 1.3% Q-o-Q) to Rs. 11,’670.3 crore.
The anticipated increase in PPOP to Rs. 7,249.8 crore is a year-over-year increase of 60.1% (a quarterly decrease of 10.2%).
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