Union Bank of India today approved the accounts of the Bank for the first Quarter

The Board of Directors of Union Bank of India today approved the accounts of the Bank for the Quarter/Year ended March 31, 2025.
Union Bank of India at the press conference held in Mumbai
Ms A. Manimekhalai, Managing Director & CEO, Union Bank Of India, flanked by Shri Nitesh Ranjan, Shri Ramasubramanian S, Shri Sanjay Rudra & Shri Pankaj Dwivedi Executive Directors Union Bank of India at the press conference held in Mumbai on the occasion of announcement of Financial Results for the Quarter/Year ended March 31, 2025.
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Mumbai | Key Highlights in FY25

1. Board of Directors have recommended a dividend of Rs. 4.75 per equity share (47.5% of face value of Rs.10 per equity share) for the year ended March 31, 2025 subject to requisite approvals.

2. Strong Financial Performance:

Net Profit of the Bank increased by 31.79% on YoY basis during FY25. Non- interest income of Bank grew by 23.21% on YoY basis during FY25.

3. Business Growth gaining momentum:

Total Business of the Bank increased by 7.82% YoY, wherein Gross Advances increased by 8.62% YoY & Total Deposit grew by 7.22% YoY. Bank has a total Business of Rs.22,92,644 Crores as on March 31, 2025.

4. Bank continues to demonstrate a strong Liability franchise:

Global deposits have increased by 7.22% YoY. Bank now has total deposits base of Rs.13,09,750 Crores as on March 31, 2025.

5. Growth in Retail, Agri and MSME (RAM) segments:

RAM Segment of the Bank increased by 10.17% YoY, with in which 22.14% growth in Retail and 12.50% growth in MSME advances is achieved on YoY basis. RAM advances as a percent of Domestic Advances stood at 56.20%.

6. Reduction in NPA:

Gross NPA (%) reduced by 116 bps on YoY basis to 3.60% and Net NPA (%) reduced by 40 bps on YoY basis to 0.63% as on 31.03.2025.

7. Strong Capital Ratios:

CRAR improved from 16.97% as on 31.03.2024 to 18.02% as on 31.03.2025. CET-1 ratio improved from 13.65% as on 31.03.2024 to 14.98% as on 31.03.2025.

8. Improved Returns:

Bank’s Return on Assets improved by 23 bps on YoY basis to 1.26% & Return on Equity improved by 162 bps on YoY basis to 17.20% during FY25.

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