Moneycontrol
Last Updated : Jan 14, 2019 12:40 PM IST | Source: Moneycontrol.com

City Union Bank Q3 Net Profit seen up 17.6% YoY to Rs. 181.9 cr: Kotak

Net Interest Income (NII) is expected to increase by 10.6 percent Y-o-Y (up 1.4 percent Q-o-Q) to Rs. 403.5 crore, according to Kotak.

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Rs 212 crore | 2015 | The CBI booked former deputy general manager of Central Bank of India and three directors of Jain Infraprojects Ltd — M.K. Jain, Rekha Jain and Sunil Kumar Dangi — for allegedly defrauding the bank for over Rs 212 crore. (Wikimedia Commons)
Rs 212 crore | 2015 | The CBI booked former deputy general manager of Central Bank of India and three directors of Jain Infraprojects Ltd — M.K. Jain, Rekha Jain and Sunil Kumar Dangi — for allegedly defrauding the bank for over Rs 212 crore. (Wikimedia Commons)
 
 
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Kotak has come out with its third quarter (October-December’ 18) earnings estimates for the Banks & Diversified Financials sector. The brokerage house expects City Union Bank to report net profit at Rs. 181.9 crore up 17.6% year-on-year (up 8.3% quarter-on-quarter).


Net Interest Income (NII) is expected to increase by 10.6 percent Y-o-Y (up 1.4 percent Q-o-Q) to Rs. 403.5 crore, according to Kotak.


Pre Provision Profit (PPP) is likely to rise by 3.8% Y-o-Y (up 4 percent Q-o-Q) to Rs. 307.7 crore.


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First Published on Jan 14, 2019 12:40 pm
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