Union Bank of India Q3 Net profit jumps 28%

On Monday, January 27, the state-owned Union Bank of India said that its net profit for the third quarter, which ended on December 31, 2024, increased 28.2% year over year (YoY) to Rs.4,603.6 crore. According to a regulatory filing, Union Bank of India...

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Union Bank of India Q2 Net profit jumps 34%

Public sector lender Union Bank of India (UBI) reported a significant 34% year-on-year increase in consolidated net profit for the second quarter of FY2025, reaching ₹4,720 crore, compared to ₹3,511 crore in the same quarter last year.This profit surge was primarily...

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Union Bank of India Q1 profit rises 13.7%

Union Bank of India on July 19 reported a 13.68 percent on-year rise in its profit after tax to Rs 3,679 crore in the first quarter of the current financial year.On sequential basis, net profit rises 11.11 percent.Gross non-performing assets (NPA) ratio of the...

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Union Bank of India Q4 Results: PAT Jumps 19%; NII Up 14%; Dividend Declare

 Union Bank of India reported a 19 per cent year-on-year (yoy) increase in fourth quarter standalone net profit at ₹3,310.55 crore, supported by growth in net interest income (NII) and sharp decline in loan loss provisionsThe public sector bank had reported...

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BoB, PNB among 6 PSU banks with high NPAs

Non Performing asset (NPA) is a loan or advance for which the principal or interest payment has remained overdue for a period of 90 days or more. According to data from Trendlyne, SBI, Bank of Baroda, and PNB are among the 6 PSU banks that reported the highest...

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Union Bank of India Q3 Profit rises 60%

State-owned lender Union Bank of India reported a 60 percent rise in standalone net profit at Rs 3,589.91 crore for the fiscal third quarter. The net profit is in line with Motilal Oswal’s estimate of Rs 3,558.2 crore .On sequential basis, net profit...

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Latest Bank merger news of PSU banks and PSU Insurance Company

 A government document shared on social media has triggered speculation about possible PSU bank mergers between Union Bank and UCO Bank, and Bank of India and Bank of Maharashtra. The document, whose source couldn't be verified, said that a Parliamentary...

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Union Bank Of India Q2 Profit Jumps 90%

 Union Bank of India's profit jumped 90% in the July–September quarter on account of a significant drawdown in provisions.The public sector lender reported a net profit of Rs 3,511 crore in the second quarter of fiscal 2024 as compared with Rs 1,847 crore...

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