Union Bank of India — Important, 21-10-2024: Financial Result Updates

The Union Bank of India reported its standalone and consolidated financial results for the half-year ending September 30, 2024. Key highlights include a net profit of ₹4,71,974 lakh, with total income at ₹32,03,646 lakh. The bank’s capital adequacy ratio stands at 17.13%. Moreover, it addressed deviations in utilization of funds as nil, confirming compliance with financial regulations. Additionally, the bank reported 159 fraud cases amounting to ₹1,165.83 crore, all fully provided for.