'Union Bank of India has reported 51% growth in net profit at Rs 4984.92 crore
for the quarter ended March 2025 (Q4FY2025). The bank has posted 1% growth in
net interest income (NII), while the core fee income of the bank improved 24% in
Q4FY2025. The Net Interest Margin (NIM) of the bank declined to 2.87% in
Q4FY2025 compared to 3.09% in the corresponding quarter of previous year.
On business
front, the bank as has posted an improved 8% growth in business with 9% rise in
loan book. The asset quality of the bank was stable in Q4FY2025. Bank has raised
the credit to deposit ratio to 75.0% at end March 2025 from 74.1% at end March
2024. CASA ratio of the bank has declined to 32.6% at end March 2025 from 33.6%
at end March 2024.
Asset
quality improves: The bank has improved asset quality in Q4FY2025.
The fresh
slippages of loans stood at Rs 2567 crore in Q4FY2025 compared with 1969 crore
in previous quarter and Rs 3323 crore in the corres...
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