NDTV Profit’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer NDTV Profit’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Anand Rathi Report
Union Bank of India’s strong Q3 profitability with ~1.07% return on asset was backed by stable operating performance and modest provisions. Key positives were-
sharp gross non-performing asset improvement (down 155 basis points QoQ),
healthy, ~7% QoQ, loan growth,
sustained 1%+ RoA,
strong liquidity and capitalisation.
With healthy credit growth persisting and modest credit costs, Union Bank of India’s earnings are expected to be robust.
We retain our positive view with a 12-month target price of Rs 166, one time price/book value on the FY26E book.
Risks: Lumpy slippages in the corporate book; less-than-expected credit growth.
Click on the attachment to read the full report:
Also Read: Union Bank of India Q3 Results Review - Inline Earnings; Loan Growth Surges: Motilal Oswal
DISCLAIMER
This report is authored by an external party. NDTV Profit does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of NDTV Profit.
Users have no license to copy, modify, or distribute the content without permission of the Original Owner.
RECOMMENDED FOR YOU
Home Loan Portfolio Crosses Rs 9-Lakh-Crore Milestone: SBI Chairman
Nifty Bank Rejig: Yes Bank, Union Bank Of India To Join Index From Dec 31 — Check Expected Inflows
Know Your Company — City Union Bank CEO On Advances And Deposits
Need Credit Growth To Sustain Economic Revival After Q3, Says TRUST MF's Mihir Vora
POPULAR