Union Bank Q1 profit up 30% on strong loan growth

Union Bank Q1 profit up 30% on strong loan growth. Union Bank of India reported a 30% year-on-year jump in net profit for Q1, driven by robust credit growth and improved asset quality. Net interest income rose 15% YoY to ₹6,420 crore, while gross NPA ratio fell to 3.8%. The bank’s CASA ratio improved to 38.5%, boosting operating efficiency.

📊 STOCKS: UNIONBANK | 🏢 SECTOR: Banking | #HIGHIMPACT #Earnings