Union Bank of India — Investor Meet, 28-10-2024: Analysts/Institutional Investor Meet/Con. Call Updates

Union Bank of India reported strong financial results for Q2 FY25, achieving record highs in both operating profit (₹8,113 crore, +12.4% YoY) and net profit (₹4,720 crore, +34.4% YoY). Key highlights include improved ROA (1.35%) and ROE (19.10%), reduced NPAs, and a capital adequacy ratio of 17.13%. The bank opened 122 new branches and launched digital initiatives, enhancing customer engagement. Despite challenges in credit growth, the bank remains optimistic about its annual targets and asset quality improvement.