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    HomeNewsBusinessEarningsUBI Q2 PAT seen up 89.9% to Rs 315.9 cr: KR Choksey

    UBI Q2 PAT seen up 89.9% to Rs 315.9 cr: KR Choksey

    Net Interest Income is expected to decrease by 1 percent Q-o-Q (down 1 percent Y-o-Y) to Rs 2080.7 crore, according to KR Choksey.

    October 21, 2016 / 17:09 IST
       
       
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      KR Choksey has come out with its second quarter (July-September) earnings estimates for the Banking sector. The brokerage house expects UBI to report net profit at Rs 315.9 crore, up 89.9 percent quarter-on-quarter.

      Net Interest Income is expected to decrease by 1 percent Q-o-Q (down 1 percent Y-o-Y) to Rs 2080.7 crore, according to KR Choksey.

      KR Choksey's report on Union Bank of India

      Expect subdued business growth for the quarter; however, margins are expected to stabilize with greater focus now on RAM segment. While slippages should begin witnessing improving trends, elevated provisions may keep the profitability in check.
      Disclaimer: The views and investment tips expressed by investment experts on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

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      first published: Oct 21, 2016 05:09 pm

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