Union Bank shares gain 7% after posting Q3 results; check details here

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Union Bank shares gain 7% after posting Q3 results; check details here - Business Standard

Quick Summary:

On Monday, after market hours, Union Bank of India reported a 28.24 per cent year-on-year (Y-o-Y) increase in its consolidated net profit in Q3FY25 at Rs 4,604 crore, up from Rs 3,610.

Non-interest income, including fees, commissions, treasury revenues, and recoveries, rose by 17.02 per cent Y-o-Y to Rs 4,417 crore.

The share of low-cost deposits—current account and savings account (CASA)—declined to 33.43 per cent in December 2024 from 34.40 per cent a year ago.