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Monday, 8 April 2019

City Union Bank Q4 Net Profit May seen up 18% YoY to 179.5 cr Rs.: Kotak


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Net Interest Income (NII) is expected to increase by 16.6 % Y-o-Y (up 2.6 % Q-o-Q) to Rs. 429 crore, according to Kotak.

Kotak has come out with its 4th quarter (January to March) earnings estimates for the Banks/Diversified Financials sector. The brokerage house expects City Union Bank to report net profit at Rs. 179.5 crore up 18% year-on-year (up 0.8% quarter-on-quarter).

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Net Interest Income (NII) is expected to increase by 16.6 % Y-o-Y (up 2.6 % Q-o-Q) to Rs. 429 crore, according to Kotak.

Pre Provision Profit (PPP) is likely to rise by 10.2 Percent Y-o-Y (up 5.7 % Q-o-Q) to Rs. 324.4 crore.

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