31 Oct 2025 | 3 Mins Read
Union Bank of India seen reaching Rs 160, says Prabhudas Lilladhar
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Union Bank of India reported a mixed quarter with weaker NIM and opex, missing core PPoP by 3.3% despite lower gross slippage and improved recovery. Growth and margin dynamics remain challenges, with cut core PAT estimated for FY27/28E by ~6.0% each. GNPA is expected to improve by 126bps to 2.0% by FY28E.