HDFC Bank Q3 preview: Loan growth could rise 20% YoY, NIM may slip a bit

Net interest income, however, is likely to grow between 11 and 16 % YoY to Rs 14,409.5 crore, up from Rs 12,576.8 crore reported in the same quarter last year, and Rs 13,515 crore in Q2FY20

At a time when credit growth has slumped to over 2-year low of 7.1 per cent year-on-year (YoY), private sector lender HDFC Bank is expected to report double-digit loan growth for the December quarter of the current fiscal (Q3FY20). Besides, analysts expect the bank’s net profit to jump up to 32 per cent year-on-year (YoY) to Rs 7,379 crore.

The lender, which is slated to report its Q3FY20 earnings on Saturday, January 18, has underperformed at the bourses during the quarter under review. Between October and December 2019, shares of the bank gained 4.45 per cent, as against a 6.8