Union Bank of India reported a standalone net profit of ₹4,985 crore for the fourth quarter, up about 51 per cent year-on-year (y-o-y), pushed by robust development in different revenue and a decline in tax bills.
India’s fifth-largest public sector financial institution had recorded a net profit of ₹3,311 crore in the identical interval final yr. The financial institution’s board has really useful a dividend of ₹4.75 per fairness share of ₹10 every (47.50 per cent) for FY25.
Net curiosity revenue (the distinction between curiosity earned and curiosity expended) rose marginally to ₹9,514 crore from ₹9,437 crore in Q4FY24.
Different revenue rose 18 per cent y-o-y to ₹5,559 crore (₹4,707 crore). This contains revenue/fee from non-fund-based banking actions, price revenue, earnings from overseas change, profit on sale of property, dividends from subsidiaries, restoration from written-off accounts, and so forth.
Provisions for non-performing property (NPAs) elevated 13 per cent y-o-y to ₹1,676 crore (₹1,485 crore).
Gross NPAs improved to three.6 per cent of gross advances as of March-end 2025, from 4.76 per cent at March-end 2024. Net NPAs additionally improved to 0.63 per cent of net advances from 1.03 per cent.
Deposits rose 7 per cent y-o-y to ₹13,09,750 crore as of March-end 2025, whereas advances grew 9.5 per cent y-o-y to ₹9,53,513 crore.
Printed on Could 8, 2025
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