Union Bank of India — Important, 27-01-2025: Updates

Union Bank of India reported strong Q3FY25 financial results, with a year-on-year net profit increase of 28.24% and a 17.02% growth in non-interest income, reflecting solid operational performance. Total deposits rose by 3.76% YoY, reaching ₹12,16,562 Cr, while total business growth was 4.70%, with gross advances up 5.94% YoY, indicating robust lending activities.

The Retail, Agriculture, and MSME (RAM) segments reported noteworthy growth of 9.26% YoY, with retail achieving a 16.36% increment. Significant improvements in asset quality were noted, with Gross NPAs declining to 3.85% and Net NPAs to 0.82%.

Capital ratios strengthened, with the CRAR improving to 16.72% and the CET1 ratio enhancing to 13.59%. Additionally, the bank's Return on Assets reached 1.30% and Return on Equity was 17.75%. This enhances Union Bank's positive outlook, making it a noteworthy consideration for investors.