Union Bank of India rated ‘Buy’; performance in the quarter was decent

Q2FY19 core PPOP was in line, and it reported PAT of Rs 1.4 bn vs our forecast of a loss of Rs 1.6 bn, due mainly to lower provisioning (coverage was flat q-o-q).

from The Financial ExpressBanking & Finance – The Financial Express https://ift.tt/2PEWcGi