MUMBAI: Private sector lender HDFC Bank is expected to post a net profit of ₹7,253.8 crore for the three months ended March, up 23% from ₹5,885.1 crore reported in the year-ago quarter, according to an average of estimates by eight analysts polled by Bloomberg.
The bank will declare its Q4 FY20 results on Saturday. Analysts at Emkay Research believe that HDFC Bank will report relatively healthy earnings despite some prudent provisioning.
The brokerage, in an 11 April report, had said that domestic private banks are expected to report a 7% decline in earnings for January-March, primarily because of the Yes Bank fiasco, and due to moderate net interest margins (NIMs) and higher bad loan provisions.