Union Bank of India (UNIONBANK) — Financial Results | 27 January 2025(3 announcements)

Union Bank of India reported net profit of ₹159.91 crores for Q3 FY25, up 69.9% YoY, driven by strong revenue growth to ₹25,738 crores (+69.9% YoY). Total expenditure rose to ₹181.92 crores, while provisions increased to ₹8,242.48 crores. The bank maintained a capital adequacy ratio of 14.01% and provision coverage ratio of 93.42%.

Union Bank of India reported a 28.24% YoY increase in net profit to ₹3,590 crores for Q3FY25, driven by 17.02% growth in non-interest income and a 3.76% rise in deposits to ₹12,16,562 crores. Gross advances grew 5.94% YoY to ₹9,49,164 crores, while NPA ratios improved significantly, with gross NPA down to 3.85% and net NPA to 0.82%. Capital adequacy ratios strengthened, with CRAR at 16.72% and CET1 at 13.59%. The bank added 4.40 lakh PMJJBY and 15.99 lakh PMSBY enrollments, sanctioned ₹27,269 crores for renewable energy, and maintained a 56.69% RAM share of domestic advances.

Union Bank of India reported net profit of ₹159.91 crores for Q3 FY25, up sharply from ₹57.16 crores YoY, driven by revenue growth to ₹25,738 lakhs and improved asset quality with provision coverage at 93.42%. The bank maintained strong capital ratios at 14.01% while managing fraud cases and regulatory penalties.