Conference Call with Union Bank of India Management and Analysts on Q2FY25 Performance and Outlook. Listen to the full earnings transcript.
Union Bank of India announced Q2FY25 results Net Profit of the Bank increased by 34.43% on YoY basis during Q2FY25. Non-interest income of Bank grew by 44.19% on YoY basis during Q2FY25. Domestic deposits have increased by 8.12% YoY. Bank now have a total deposits base of Rs 12,41,947 crore as on Q2FY25. Total Business of the Bank increased by 9.37% YoY, wherein Gross Advances increased by 9.63% YoY & Total Deposit grew by 9.17% YoY. Bank has a total Business of Rs 21,70,779 crore as on Q2FY25. Growth in Retail, Agri and MSME (RAM) segments: RAM Segment of the Bank increased by 12.31% YoY, where 14.33% growth in Retail, 15.96% growth in Agriculture and 5.24% growth in MSME advances is achieved on YoY basis. RAM advances as a percent of Domestic Advances stood at 58.71%. NPA: Gross NPA (%) reduced by 202 bps on YoY basis to 4.36% and Net NPA (%) reduced by 32 bps on YoY basis to 0.98% as on Q2FY25. Capital Ratios: CRAR improved from 16.69% as on Q2FY24 to 17.13% as on Q2FY25. CET1 ratio improved to 13.88% as on Q2FY25 from 13.05% as on Q2FY24. Returns: Bank’s Return on Assets & Return on Equity stands at 1.35% and 19.10% respectively during Q2FY25. Result PDF