Union Bank Of India - Business Performance Robust; Strong Focus On Profitability: Motilal Oswal

BQ Prime’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 BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Motilal Oswal Report.Union Bank of India has been reporting a healthy performance over the past few quarters, with earnings driven by strong net interest income, healthy margins, higher other income and moderation in provisions. Fresh slippages have been moderating, which, coupled with healthy recoveries and upgrades, have resulted in an improvement in asset quality ratios. Further, a low special mention account book (0.52%) and controlled restructuring (1.7%) provide a better outlook on asset quality. Union Bank of India'a loan growth has picked up well and has been broadbased with focus likely to remain on further credit growth improvement. We estimate loans to grow at ~12% over FY24-26E with return on asset/return on equity at 1.2%/17.3%, respectively, by FY26. We maintain our 'Buy' rating with a target price of Rs 130 (premised on 1.0 times FY25E adjusted book value)..Click on the attachment to read the full report:.Tata Power Looking To Double Revenue And Profit, Says CEO.DISCLAIMERThis report is authored by an external party. BQ Prime 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 BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Union Bank Of India - Business Performance Robust; Strong Focus On Profitability: Motilal Oswal

RBI’s revised risk weights to impact CET-1 by ~45 basis points

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Union Bank Of India - Business Performance Robust; Strong Focus On Profitability: Motilal Oswal

RBI’s revised risk weights to impact CET-1 by ~45 basis points

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