
On July 19, Union Bank of India announced a 13.68% year-on-year increase in its profit after tax, reaching Rs 3,679 crore in the first quarter of the current fiscal year. Sequentially, the net profit rose by 11.11%. The bank’s gross non-performing assets (NPA) ratio decreased to 4.54% as of June 30, down from 4.76% in the previous quarter and significantly lower than the 7.34% reported a year ago.
Similarly, the net NPA ratio improved to 0.90% as of June 30, compared to 1.03% in the preceding quarter and 1.58% a year earlier. Click here to check net profit of all banks this quarter. You can download Union Bank Financial Results from Links given below👇
- Financial Results for the Quarter ended 30th June 2024
- Press Release June 2024
- Presentation June 2024