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But operating expenditure (opex) is likely to remain elevated – for state-owned lenders because of wage revisions and for private banks due to continuous investment in businesses
3 min read Last Updated : Apr 07 2023 | 10:27 PM IST
Benefitting from the economic rebound, banks are expected to report a healthy bottom-line and asset quality profile in the quarter ended March 2023 (Q4FY23).
The net profit of listed commercial banks is projected to grow by an average 43.6 per cent year-on-year (YoY) in Q4FY23 amid better net interest margins (NIMs) and declining credit costs. This is based on a combined assessment of analyst estimates for 17 banks on Bloomberg database.
The net profit of public sector banks is expected to show marked improvement -- up 84.7 per cent YoY. Domestic brokerage Motilal Oswal said earnings growth is
likely to