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Union Bank NET Profit this quarter expected at Rs 3558 crore, Check all details here


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Motilal Oswal recently shared its expectations for the third quarter earnings (October – December) in the Banking and Insurance sector.

Here’s a breakdown of their predictions for Union Bank:

  1. Net Profit Projection:
    • Expected net profit: Rs. 3,558.2 crore
    • Year-on-year growth: 58.5%
    • Quarter-on-quarter growth: 1.3%
  2. Net Interest Income (NII) Forecast:
    • Expected NII: Rs. 9,423.2 crore
    • Year-on-year increase: 9.2%
    • Quarter-on-quarter increase: 3.3%
  3. Pre Provision Operating Profit (PPOP) Outlook:
    • Expected PPOP: Rs. 7,122.7 crore
    • Year-on-year growth: 7.6%
    • Quarter-on-quarter decrease: 1.4%

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