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.
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.
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.