Friday, Mar 29 2024 | Time 05:38 Hrs(IST)
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Business Economy


Union Bank of India PAT up 32.02 per cent

Mumbai, July 26 (UNI) Union Bank of India on Tuesday reported 32.02 per cent Year-on-Year growth in standalone profit after tax (PAT) to Rs 1558 crore for the quarter ended June 30, 2022.

It had reported PAT of Rs 1,181 crore in the corresponding period last year.

Net interest income of the bank grew by 8.11% on YoY basis to Rs 7582 crore as against Rs 7,013 crore last fiscal.

The advances increased by 12.95 % while deposits increased by 9.27 %.

The bank said its gross non performing assets NPA reduced by 338 bps to 10.22% while net non performing assets NPA reduced by 138 bps on YoY basis to 3.31%.
It registered 11.13 % growth in retail, 14.04 % growth in agriculture and 11.26 % growth in MSME advances on YoY basis.
UNI AKM GK
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