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VERIFIEDET Stocks·positive
Union Bank Q1 Results: Profit rises over 27% to Rs 5,641 crore
AI Summary
- ·Union Bank of India reported a 27.5% increase in net profit for the June quarter, reaching Rs 5,641 crore.
- ·The bank saw a rise in net interest income and an improvement in margins.
- ·Union Bank attracted overseas deposits from Australia and the UAE via an RBI window, with growth in CASA deposits.