Union Bank of India reported second quarter web revenue surged 90% to ₹3,511 crore in contrast with ₹1,848 crore within the yr ancient times.
The financial institution’s curiosity revenue in the course of the quarter ended September 30, 2023 grew 24.92% to ₹24,587 crore from ₹19,682 crore a yr earlier.
Total provisions declined 21.57% to ₹3,709 crore from ₹4,729 crore a yr in the past.
Gross non-performing belongings (NPA) in the course of the quarter was decreased by 207 foundation factors yr on yr to 6.38% and web NPA was decreased by 134 foundation factors, the lender stated in a submitting.
