Union Bank of India: Less than 10 PE

 

  • Union Bank of India: Less than 10 PE
  • Strong Financial Performance: Net Profit of the Bank increased by 34.43% on YoY basis during Q2FY25. Non-interest income of Bank grew by 44.19% on YoY basis during Q2FY25.
  • Reduction in NPA: Gross NPA (%) reduced by 202 bps on YoY basis to 4.36% and Net NPA (%) reduced by 32 bps on YoY basis to 0.98% as on September 30, 2024
  • Bank continues to demonstrate a strong Liability franchise: Domestic deposits have increased by 8.12% YoY. Bank now have a total deposits base of Rs.12,41,947 Crores as on September 30, 2024. 
  • Growth in Retail, Agri and MSME (RAM) segments: RAM Segment of the Bank increased by 12.31% YoY, where 14.33% growth in Retail, 15.96% growth in Agriculture and 5.24% growth in MSME advances is achieved on YoY basis. RAM advances as a percent of Domestic Advances stood at 58.71%.
  •  Improved Returns: Bank’s Return on Assets & Return on Equity stands at 1.35% and 19.10% respectively during Q2FY25.  

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