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Last Updated : Jul 12, 2019 01:31 PM IST | Source: Moneycontrol.com

Union Bank Q1 Net Profit may dip 91.2% YoY to Rs. 11 cr: Sharekhan

Net Interest Income (NII) is expected to decrease by 5.6 percent Y-o-Y (down 4.7 percent Q-o-Q) to Rs. 2,480 crore, according to Sharekhan.

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Sharekhan has come out with its first quarter (April-June’ 19) earnings estimates for the Banking & NBFC sector. The brokerage house expects Union Bank to report net profit at Rs. 11 crore down 91.2% year-on-year.


Net Interest Income (NII) is expected to decrease by 5.6 percent Y-o-Y (down 4.7 percent Q-o-Q) to Rs. 2480 crore, according to Sharekhan.


Pre Provision Profit (PPP) is likely to fall by 4.3% Y-o-Y (up 15.6 percent Q-o-Q) to Rs. 2,089 crore.


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First Published on Jul 12, 2019 01:04 pm
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