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via thehindubusinessline.comMarkets

Union Bank of India Q2 net profit rises 30% to ₹5,537 crore

FROM THE WIRE · THEHINDUBUSINESSLINE.COM

NII grows 20% y-o-y as provisions nearly halve and asset quality improves in September quarter

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishProfit growth driven by lower provisions and better asset quality is relevant for the Indian banking sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Net interest income grew 20% year over year.
  2. 02Provisions nearly halved in the September quarter.
  3. 03Asset quality improved.

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