
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:
- Net Profit Projection:
- Expected net profit: Rs. 3,558.2 crore
- Year-on-year growth: 58.5%
- Quarter-on-quarter growth: 1.3%
- Net Interest Income (NII) Forecast:
- Expected NII: Rs. 9,423.2 crore
- Year-on-year increase: 9.2%
- Quarter-on-quarter increase: 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%