Union Bank of India — Board Meeting, 08-05-2025: Outcome of Board Meeting

Union Bank of India has announced a board meeting on May 8, 2025, approving the consolidated financial results for the quarter and year ended March 31, 2025. The bank posted a net profit of ₹496.47 Cr, up from ₹443.54 Cr last year, driven by robust retail and wholesale banking. Total income surged to ₹1,29,97,925 lakh. The board approved a dividend of ₹4.75 per share. Capital adequacy remains strong at 18.02%, with gross NPA improving to 0.82%. Focus remains on asset quality, digital banking, and strategic consolidation in rural segments.