Sharekhan has come out with its fourth quarter (January-March’ 21) earnings estimates for the Banking sector. The brokerage house expects City Union Bank to report net profit at Rs 167 crore (down 2% quarter-on-quarter).
Net Interest Income (NII) is expected to increase by 18.9 percent Y-o-Y (up 2 percent Q-o-Q) to Rs 499 crore, according to Sharekhan.
Pre Provision Profit (PPP) is likely to rise by 19.5% Y-o-Y (down 12.6 percent Q-o-Q) to Rs 400 crore.
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