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Illustration: Ajay Mohanty
Net profit growth of listed banks for the quarter ended September 30 (Q2FY25) is likely to moderate to 10 per cent year-on-year (Y-o-Y) due to pressure on margins, according to analysts’ estimates. They had posted over 33 per cent Y-o-Y growth in their net profit in Q2FY24 on the back of higher credit offtake and lower credit costs, according to Business Standard analysis.
Net profit, however, may shrink by 1 per cent sequentially, according to analysts’ estimates for 19 banks sourced from Bloomberg.
The estimates show that banks’ net interest income (NII)— revenues from interest minus interest
