Union Bank of India announced Q1FY25 results: Strong Financial Performance: Net Profit of the Bank increased by 13.68% on YoY basis during Q1FY25. Net interest income of Bank grew by 6.47% on YoY basis during Q1FY25. Bank continues to demonstrate a strong Liability franchise: Domestic deposits have increased by 8.52% YoY. Bank now have a total deposits base of Rs 12,24,191 crore as on June 30, 2024. Business Growth gaining momentum: Total Business of the Bank increased by 9.76% YoY, wherein Gross Advances increased by 11.46% YoY & Total Deposit grew by 8.52% YoY. Bank has a total Business of Rs 21,36,405 crore as on June 30, 2024. Growth in Retail, Agri and MSME (RAM) segments: RAM Segment of the Bank increased by 14.53% YoY, where 12.28% growth in Retail, 23.00% growth in Agriculture and 7.21% growth in MSME advances is achieved on YoY basis. RAM advances as a percent of Domestic Advances stood at 57.83%. Reduction in NPA: Gross NPA (%) reduced by 280 bps on YoY basis to 4.54% and Net NPA (%) reduced by 68 bps on YoY basis to 0.90% as on 30.06.2024. Strong Capital Ratios: CRAR improved from 15.95% as on 30.06.2023 to 17.02% as on 30.06.2024. CET1 ratio improved to 13.81% as on 30.06.2024 from 12.34% as on 30.06.2023. Improved Returns: Bank’s Return on Assets & Return on Equity stands at 1.06% and 15.70% respectively during Q1FY25. Result PDF