Union Bank of India has announced the results for the quarter ended September 2024. The government bank has said in the exchange filing that its profit has increased by 34.4 percent to Rs 4720 crore in the second quarter of FY 2025. A year ago in this quarter, the bank had registered a profit of Rs 3511 crore. The bank said that in the September quarter, net interest income (NII) fell by 0.9 percent to Rs 9,047.2 crore, which was Rs 9,126.1 crore in this quarter a year ago.

Asset Quality

Talking about the asset quality of the bank, the gross NPA has come down to 4.36 per cent, which was at 4.54 per cent in the quarter ended June 2024. Net NPA has increased from 0.90 per cent quarter-on-quarter to 0.98 per cent. The bank said that the provisioning coverage ratio is at 92.79 per cent as of September 30. Share performance The bank's stock closed at Rs 111.78 on Monday, down 0.39 per cent. In the last one year, the bank's stock has seen a rise of 17.66 per cent. The 52-week high of the stock is Rs 172.50. Disclaimer : The advice or views given on CNBC TV18 Hindi / CNBC Awaaz are the personal views of the expert / brokerage firm. The website or management is not responsible for this. Before investing, you must take the advice of your financial advisor i.e. certified expert.