Union Bank Q1 profit seen down 25% to Rs 124 cr, provisions may remain higher

Key things to watch for would be the movement in stressed assets. Analysts feel if slippages come below Rs 3,000 crore (against Rs 2,951 crore in Q4FY17) then that will be positive.

August 09, 2017 / 18:05 IST

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Public sector lender Union Bank of India's first quarter profit is seen falling 25.3 percent year-on-year to Rs 124.3 crore due to higher provisions. The bank will announces its earnings on August 10.

Net interest income during the quarter is expected to increase 10.5 percent to Rs 2,323.2 crore compared with Rs 2,130.2 crore in same quarter last fiscal, according to average of estimates of analysts polled by CNBC-TV18.

Key things to watch for would be the movement in stressed assets. Analysts feel if slippages come below Rs 3,000 crore (against Rs 2,951 crore in Q4FY17) then that will be positive.

first published: Aug 9, 2017 06:05 pm

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