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Union Bank of India - Modest Operating Performance; Net Interest Margins Decline 15 Bps: Motilal Oswal

The management has guided for NIMs in the range of 2.8-3%; however, penal charges will continue to impact margins, says the brokerage.

<div class="paragraphs"><p>A Union Bank of India branch in Mumbai. (Photo: NDTV Profit)</p></div>
A Union Bank of India branch in Mumbai. (Photo: NDTV Profit)
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.
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