The Mumbai-based lender had earned a net profit of ₹3,679 crore in the same quarter of the previous fiscal year.
The total income rose to ₹31,791 crore during the June 2025 quarter from ₹30,874 crore in the year-ago period, Union Bank of India said in a regulatory filing.
The bank's interest income increased to ₹27,296 crore from ₹26,364 crore during the FY25 June quarter. However, compared to ₹9,412 crore in the same period last year, net interest income decreased to ₹9,113 crore during the quarter.
In addition, the bank's operating profit decreased by 11% from ₹7,785 crore to ₹6,909 crore in the same quarter of the previous fiscal year. Gross non-performing assets (NPAs) decreased from 4.54% of gross advances at the end of the June quarter to 3.52% at the end of the June quarter, indicating an improvement in the bank's asset quality.
By the end of June 2024, its gross advance had risen 6.83% to ₹9,74,489 crore from ₹9,12,214 crore. Likewise, its net non-performing assets (NPAs), or bad loans, decreased to 0.62% from 0.90% during the same time last year.
Consequently, bad loan provisions decreased from ₹1,651 crore in the first quarter of last year to ₹1,153 crore in the first quarter. The Provision Coverage Ratio (PCR) increased by 116 basis points, from 93.49% to 94.65%.
Meanwhile, according to the lender, Return on Assets (ROA) improved by 5 basis points, from 1.06% in June 2024 to 1.11% in June 2025. The bank's capital adequacy ratio increased from 17.02% in the same quarter of FY25 to 18.3%. By the end of June 2024, the total business had grown from ₹21,08,762 crore to ₹22,14,422 crore, a 5% increase.
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