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    HomeNewsBusinessEarningsUnion Bank Q3 Net Profit to Rs. 199.1 cr up 43.2% QoQ: Sharekhan

    Union Bank Q3 Net Profit to Rs. 199.1 cr up 43.2% QoQ: Sharekhan

    Net Interest Income (NII) is expected to increase by 7.8 percent Y-o-Y (up 10.2 percent Q-o-Q) to Rs. 2,747.4 crore, according to Sharekhan.

    Moneycontrol News
    January 15, 2019 / 14:01 IST
    Union Bank of India | Interest rate per annum: 6.95 percent | EMI: Rs 57,923

    Union Bank of India | Interest rate per annum: 6.95 percent | EMI: Rs 57,923

     
     
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    Sharekhan has come out with its third quarter (October-December’ 18) earnings estimates for the Banking & NBFC sector. The brokerage house expects Union Bank to report net profit at Rs. 199.1 crore up 43.2% quarter-on-quarter.

    Net Interest Income (NII) is expected to increase by 7.8 percent Y-o-Y (up 10.2 percent Q-o-Q) to Rs. 2,747.4 crore, according to Sharekhan.

    Pre Provision Profit (PPP) is likely to rise by 6.9% Y-o-Y (down 0.2 percent Q-o-Q) to Rs. 1,768.9 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.

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    Moneycontrol News
    first published: Jan 15, 2019 02:01 pm

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