Motilal Oswal has come out with its third quarter (October-December’ 21) earnings estimates for the Banks sector. The brokerage house expects Union Bank of India to report net profit at Rs. 1,233.5 crore up 69.7% year-on-year (down 19.2% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 5.8 percent Y-o-Y (up 2 percent Q-o-Q) to Rs. 6,969.2 crore, according to Motilal Oswal.
Pre Provision Operating Profit (PPOP) is likely to fall by 3.9% Y-o-Y (down 16 percent Q-o-Q) to Rs. 5,101.8 crore.
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