The bank recorded a 6.05% growth in domestic deposits to Rs 12,71,751 crore as of 31 March 2025, compared to Rs 11,99,197 crore as of 31 March 2024, and a 7.54% increase from Rs 11,82,622 crore as of 31 December 2024.
Domestic CASA deposits stood at Rs 4,26,242 crore during the quarter, registering a growth of 3.94% year-on-year (YoY) and 7.84% quarter-on-quarter (QoQ).
The bank's total global business as of 31 March 2025 stood at Rs 22,92,625 crore, up 7.82% YoY and 5.86% QoQ.
Global gross advances gained 8.62% YoY and 3.55% QoQ to Rs 9,82,875 crore as of 31 March 2025.
Global deposits stood at Rs 13,09,750 crore during the period under review, up 7.22% YoY and 7.66% QoQ.
Union Bank of India is engaged in the business of treasury operations, corporate and wholesale banking, retail banking operations, and other banking operations. The Government of India held a 74.76% stake in the bank.
The bank's standalone net profit jumped 28.23% to Rs 4,603.63 crore on a 7.67% increase in total income to Rs 31,374.5 crore in Q3 FY25 over Q3 FY24.
Shares of Union Bank of India declined 3.81% to Rs 126.35 on the BSE.
0 mins read . Dec 18, 2024
0 mins read . Dec 18, 2024
0 mins read . Dec 18, 2024
