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Union Bank Q4 profit up 50%, sees margin pressure
Hindustan Times West UP
|May 10, 2025
State-owned Union Bank of India's March quarter net profit jumped 50% to ₹4,985 crore, and a top official Friday said RBI's rate cuts will keep its net interest margins under pressure going forward.
MUMBAI:
The bank had earned a net profit of ₹3,311 crore in the same quarter previous fiscal.
Total income rose to ₹33,254 crore in the quarter as compared to ₹31,058 crore in the same period a year ago.
Speaking to reporters, managing director and chief executive A. Manimekhalai declined to comment on the controversy surrounding allegations of impropriety in the bulk purchase of a book by former chief economic adviser Krishnamurthy Subramanian by the bank.
She also did not answer a specific question on whether the senior management's role is being investigated in the matter.
यह कहानी Hindustan Times West UP के May 10, 2025 संस्करण से ली गई है।
हजारों चुनिंदा प्रीमियम कहानियों और 10,000 से अधिक पत्रिकाओं और समाचार पत्रों तक पहुंचने के लिए मैगज़्टर गोल्ड की सदस्यता लें।
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