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!

MLC: Hetmyer stuns Pollard with a six, Orcas pull off record chase

Shimron Hetmyer's explosive unbeaten 97 propelled the Seattle Orcas to a thrilling three-wicket...

By 0 3

Prada bows to massive online backlash! Italian brand forced to credit Kolhapuri chappal designs; legal options being mulled in India

Prada's 2026 menswear line, featuring sandals resembling Kolhapuri chappals, has sparked...

By 0 8

'Govt has a significant role': RG Kar victim's father speaks out; slams TMC for Kolkata law student gangrape

By 0 8

A glimpse into Shefali Jariwala’s showbiz journey

Shefali Jariwala, famously known as the 'Kaanta Laga' girl, passed away. She was 42. The news has...

By 0 13

CBSE board exams twice a year: How to make the most of the two chances you get

By 0 14