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via economictimes.indiatimes.comBusiness & Companies

Union Bank Q2 net profit up 30% as margins improve

FROM THE WIRE · ECONOMICTIMES.INDIATIMES.COM

Total advances in the September quarter increased 19% year-on-year to ₹11.6 lakh crore, led by a 17% growth in domestic advances, which was supported by a 24% increase in corporate advances to ₹5.2 lakh crore. The bank has a corporate loan pipeline of ₹1 lakh crore.

Read at the source ↗
MARKET IMPACTNEUTRAL✦ News Impact agent estimateTone: expected bullishStrong quarterly results from an Indian bank, relevant for the local banking sector.AI-generated summary
✦ IN BRIEF · AIAI-generated summary
  1. 01Total advances in the September quarter rose 19% year-on-year.
  2. 02Corporate advances increased 24% to ₹5.2 lakh crore.
  3. 03The bank has a corporate loan pipeline of ₹1 lakh crore.

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