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

Dununu.com Dununu

Patrocinado

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

RSS Feed Business

Postado

80

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

Faça Login para curtir, compartilhar e comentar!

Wall Street Futures jump as US-China tariff deal lifts global sentiment

US stock index futures surged following an agreement between the United States and China to scale...

Por 0 2

US education crisis: Over 70 students suspended at Columbia for simply studying in protest site

Por 0 9

As AI grabs the reins of the job market, what human skills are still steering the chariot?

Por 0 9

New cheque bounce law comes into effect with stricter time limits and penalties

KATHMANDU: The government has enforced a revised law on cheque bounce offences, bringing...

Por 0 11

No chess or music: Life in Afghanistan under Taliban's bizarre bans

Por 0 14