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Profit of these 3 bank stocks more than doubled in 2023


Banks reported robust earnings for Q3FY23 driven by margin expansion and improved asset quality.


Let's take a look at 3 star performers from this space, that posted over 100% rise in their net profit.


Union Bank of India reported a 107% surge in its net profit in Q3 at 2,245 cr. Its NII rose 20% YoY at 8,628 cr.


The stock has risen 65 percent in the last 1 year but is down over 15 percent in 2023 YTD.


IDFC First Bank's net profit for Q3 jumped 115% YoY to 605 cr. Its NII also grew 27% YoY to 3,285 cr.


The stock jumped 23 percent in the last 1 year but is down 8 percent in 2023 YTD.

UCO Bank reported a 110% jump in its net profit at 653 cr. Its NII in the last quarter rose 11% to 1,952 cr.

The stock has risen 100 percent in the last 1 year but is down around 20 percent in 2023 YTD.

Click here to read more about Q3 Earnings

Profit of these 3 bank stocks more than doubled in 2023; let's take a look

On the back of robust performance by the banks in Q3, let's take a look at 3 star performers from this space, that posted over 100 percent rise in their net profit:

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Profit of these 3 bank stocks more than doubled in 2023; let's take a look

On the back of robust performance by the banks in Q3, let's take a look at 3 star performers from this space, that posted over 100 percent rise in their net profit:

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