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Q4 results today: What to expect from Kotak Bank, IDFC First Bank and RBL Bank
A slew of financial companies including Kotak Mahindra Bank IDFC First Bank , and RBL Bank are slated to report their fourth-quarter results on Saturday along with CDSL Here's a look at what the companies might report in the March quarter:Kotak Mahindra Bank is expected to report high double-digit growth in net interest income (NII) for the quarter ended March 2023, with improvement in profitability. However, growth in the bottomline is expected to be in single digits due to the high base effect. Net interest income is expected to increase over 31% on year to Rs 5,938 crore, according to the average of 6 estimates. The brokerage sees credit costs to remain stable and asset quality to witness steady improvement. Meanwhile, margins remain healthy at 6.3%.RBL Bank is likely to report healthy margins and gradual improvement in asset quality for the quarter ended March, according to Motilal Oswal. Source -https://economictimes.indiatimes.com/markets/stocks/news/q4-results-today-what-to-expect-from-kotak-bank-idfc-first-bank-and-rbl-bank/articleshow/99860331.cms
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