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

Dununu.com Dununu

Sponsorizzato

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

RSS Feed Business

Posted

99

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

Effettua l'accesso per mettere mi piace, condividere e commentare!

PM Oli slams ‘selfish elements’ within party

KATHMANDU: Prime Minister and CPN-UML Chair KP Sharma Oli has taken aim at internal dissenters,...

By 0 5

What is common between Sam Altman and Sundar Pichai? Both of them went to...

By 0 14

Voter list revision: Tejashwi Yadav blames PM Modi for 'conspiring to strip Bihar of voting rights'; warns loss of welfare schemes

By 0 16

New R&AW chief: Parag Jain, who played key role in Operation Sindoor, takes top job; succeeds Ravi Sinha

By 0 16

Coal expansion push: Mahanadi Coalfields Ltd to open two new mines in Odisha by FY30; targets 300MT output

Mahanadi Coalfields Limited will start two new coal mines in Odisha by FY 2029-30. These mines...

By 0 23