Name: Latest research reports of Union Bank of India authored by Emkay and published by - Trendlyne research reports.
Item: Union Bank of India
Rating: 1
Author: Emkay

Sub-par performance among PSBs

Sell: Union Bank of India

Recommendation Target

Emkay

Union Bank reported an 11% miss on PAT at Rs33bn (vs Emkay est.: Rs37bn)
owing to impact of wage revision (Rs13.3bn) and tax expenses, which overrode
the benefits from higher treasury income and reversal of NPI provisions.