Bank Results Season: A critical look at PSU Bank results: The NPA Express

Sunday, July 29, 2012

just got washed out here ..an lost the hour's work. Canara Bank profits of 7.75 B, Union Bank profits of 5.12 B and Central Bank of India profits of INR 3.36 B missed estimates. Canara Bank NIM is just 2.4%, Union Bank missed earnings by 30% and both carry NII of INR 18 B and in UBI case EPS is 9.8 on assets of 1.74T and 2.2Tln. Central Bank of India Loan assets are lower at 1.47 Tln despite deposits of INR 1.96 T whicle Canara Bank deposits are INR3.34 T and Advances on par with ICICI And PNB at INR 2.25Tln All three constituents of the Bank Nifty deserve to be booted out

Posted via email from The India Investment Post

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