Union Bank Q4 profit surges 50%, cautions on margin pressure amid...

Dununu.com Dununu

Sponsored

Union Bank Q4 profit surges 50%, cautions on margin pressure amid RBI rate cuts

RSS Feed Business

Posted

98

Union Bank of India witnessed a significant 50% surge in net profit, reaching ₹4,985 crore for the March quarter, fueled by increased non-interest income and reduced provisions. However, the bank anticipates pressure on net interest margins due to potential rate cuts by the RBI. While loan growth fell short of targets at 8.

Read Full Article

Please log in to like, share and comment!

Haitians face deportation: Trump ends legal protections for 500,000; TPS to expire by September

The Trump administration has terminated Temporary Protected Status (TPS) for Haitians,...

By 0 3

'Let's stand with Zohran': Bernie Sanders, Muslim members of Congress call out racist attacks against Mamdani

By 0 28

Mika expresses shock over Shefali's sudden demise

In a deeply heartbreaking and shocking development, actress and reality TV personality Shefali...

By 0 29

Naga reveals how he spends weekends with Sobhita

Naga Chaitanya and Sobhita Dhulipala never fail to impress fans and followers with their vacation...

By 0 29

Shubhanshu Shukla floats, Isro digs in at Houston to watch & learn

By 0 57