Reuters | Updated On: January 31, 2014 10:08 (IST)
Punjab National Bank profit may beat consensus estimates when it reports October-December quarter results later in the day, Thomson Reuters StarMine's SmartEstimates show.
StarMine's SmartEstimates, which places a greater emphasis on forecasts by top-rated analysts, expects Punjab National Bank to report a profit of Rs 914 crore for the quarter, compared with a consensus mean estimate of Rs 899 crore.
However, dealers worry about asset quality and outlook after blue chip private sector rival ICICI Bank on Wednesday said it sees the amount of corporate defaults rising in the coming quarters as borrowers succumb to the pressures of a sluggish economy.
In early trade, PNB stock is down 0.7 per cent.
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