BusinessPhoto: NDTV BusinessUnion Bank Q2 Profit Rises 30% on Lower Provisions, Better Asset Quality
Union Bank of India reported a 30.3% year-on-year net profit increase to Rs 5,537 crore in Q2, driven by a 20% rise in net interest income to Rs 10,582 crore and a 19% rise in operating profit to Rs 8,108 crore. Gross non-performing assets fell to 2.42%, net NPAs to 0.42%, and provisions declined to Rs 701 crore, improving asset quality.
NDTV Business·



