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

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%