Union Bank Reports Four Times Jump In Q3 Net Profit To ₹575 Crore
Money & Banking
Huge recoveries coupled with lower provisioning requirement helped Union Bank of India report an almost four times jump in the third quarter net profit at ₹575 crore against a net profit of ₹153 crore in the year-ago period.
Net interest income was up 26 per cent year on year (y-o-y) at ₹3,134 crore. Non-interest income edged up 1.53 per cent y-o-y to ₹1,112 crore.
The public sector bank reported recoveries of ₹2,255 crore (₹624 crore in the preceding quarter).
The bank recorded higher slippages of ₹5,112 crore (₹4,219 crore in the preceding quarter).
Non-performing asset (NPA) provisions were lower at ₹1,570 crore (₹3,328 crore). The bank received a write-back in standard provision of ₹255 crore in the reporting quarter.
Published on
February 10, 2020
Huge recoveries coupled with lower provisioning requirement helped Union Bank of India report an almost four times jump in the third quarter net profit at ₹575 crore against a net profit of ₹153 crore in the year-ago period.
Net interest income was up 26 per cent year on year (y-o-y) at ₹3,134 crore. Non-interest income edged up 1.53 per cent y-o-y to ₹1,112 crore.
The public sector bank reported recoveries of ₹2,255 crore (₹624 crore in the preceding quarter).
The bank recorded higher slippages of ₹5,112 crore (₹4,219 crore in the preceding quarter).
Non-performing asset (NPA) provisions were lower at ₹1,570 crore (₹3,328 crore). The bank received a write-back in standard provision of ₹255 crore in the reporting quarter.
Published on
USAA 2025 Annual Report Reflects A Year Of Strength, Service And Commitment To Members
USAA’s financial strength in 2025 enabled record return of $3.8 billion to members and hundreds of millions in financi... Read more
United Through Reading And USAA Partner For Month Of The Military Child Employee Engagement Series
United Through Reading (UTR) and USAA are proud to announce a series of employee engagement events in honor of the Month... Read more
USAA Selects Chris Curtin As Chief Marketing Officer To Advance Value-Driven Brand Leadership
Feb 27 2026 SAN ANTONIO — February 27, 2026 — USAA today announced that Chris Curtin... Read more
USAA Puts Money Back In Members Pockets With Ways To Save, Strengthen Budgets
Association is Reducing Auto Premiums, Offering No-Interest Government Shutdown Loans, and Returning a Historic $3.8 Bil... Read more
USAA And UTSA Athletics Announce Inaugural Military City Collegiate
Golf tournament taking place at TPC San Antonio Read more
USAA Names Dan Griffiths Chief Information Officer To Drive Secure, Simplified Digital Member Experiences
Feb 03 2026 SAN ANTONIO — February 3, 2026 — USAA today announced the appointment of D... Read more