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City Union Bank Q1 Net Profit may dip 26% YoY to Rs. 1,140 cr: Sharekhan

Net Interest Income (NII) is expected to increase by 9 percent Y-o-Y (up 11 percent Q-o-Q) to Rs. 4,763 crore, according to Sharekhan.

July 15, 2021 / 03:05 PM IST
 
 
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Sharekhan has come out with its first quarter (April-June’ 21) earnings estimates for the Banking sector. The brokerage house expects City Union Bank to report net profit at Rs. 1,140 crore down 26% year-on-year (up 2% quarter-on-quarter).


Net Interest Income (NII) is expected to increase by 9 percent Y-o-Y (up 11 percent Q-o-Q) to Rs. 4,763 crore, according to Sharekhan.


Pre Provision Profit (PPP) is likely to rise by 11% Y-o-Y (up 39 percent Q-o-Q) to Rs. 3,952 crore.


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