Union Bank of India — Updates, 21-10-2024: Press Release

Union Bank of India reported a significant increase in its financial performance for the quarter ended September 30, 2024, with a net profit surge of 34.43% and a 44.19% rise in non-interest income year-on-year. Total deposits reached ₹12,41,947 crores, showcasing an 8.12% growth. The bank reduced its gross NPA to 4.36% and strengthened its capital ratios, while also expanding its retail, agriculture, and MSME loan segments, reflecting robust business growth.