Better net interest margins likely to help bottom line of banks in Q4

Net profit of listed commercial banks is projected to grow by 43.6% YoY

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