In terms of number of credit cards, debit cards, CASA growth, overall deposit growth the bank has surpassed my expectations. The speed at which the bank is scaling up is really commendable.
Q2FY23 numbers are around the corner and my estimates for the same are:
NII: 2920-2940 crs
Core Fee Income: 960-980 crs
Opex: 2775-2795 crs
Core PPoP(ex-treasury): 1090-1115 crs
Provisions: 355-370 crs
Core PAT(Ex-treasury): 540-570 crs
Core EPS(Ex-Treasury): 0.87-0.91
Core RoE(Ex-treasury): 9.9%-10.3%
In my view, the markets will be very positively surprised with the Q2 numbers and if the bank beats my estimates then we can see it crossing 70+ soon.
Happy Diwali to all contributors!
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