Tuesday, 6 May 2014

Epic Research Update : United Bank Of India Q4


Epic Update United Bank of India Net Profit At Rs 469.4 Cr Vs Rs 31.2 Cr (YoY)

NII At Rs 699 Cr Vs Rs 564 Cr (YoY)

Gross NPAs At 10.47% Vs 10.82% (QoQ)

Net NPAs At 7.18% Vs 7.44% (QoQ)

Provisions At Rs 266.7 Cr Vs Rs 1,859 Cr (QoQ), Vs Rs 759 Cr (YoY)

Capital Adequacy Ratio (Basel-III) At 9.81% Vs 9.01% (QoQ)

Q4 Cash Recovery At Rs 645 Cr Vs Rs 130 Cr (YoY)

Q4 NIM At 2.45% Vs 2.37% (YoY)

Total Advances Down 2.48% At Rs 67,982 Cr As Of March 31

Total Deposits Up 10.8% At Rs 1.11 Lakh Cr As of March 31

Issues With Infosys’ NPA Identification System Sorted

FY15 Credit Growth Seen At 12-14%

NIM Expected To Improve To 2.65% In FY15

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