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Banks' Q1 net profit growth estimated at 47% as lending stays strong

According to Bloomberg's data on analysts' estimates, net profits of the 12 listed banks in Q1FY23 will grow 47 per cent YoY and shrink 7.8 per cent sequentially

Topics
Banks | Banking sector | Bloomberg

Abhijit Lele & Bhaskar Dutta  |  Mumbai 



Bank
(Photo: Reuters)

With increases in lending rates, high credit growth, and lower credit costs, are likely to report a significant rise in net interest income (NII) and profits year-on-year (YoY) in the quarter ended June 2022 (Q1FY23).

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First Published: Fri, July 08 2022. 21:57 IST

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