Union Bank of India has showcased impressive financial performance, with robust growth in advances and deposits for the fiscal year ending March 31, 2025. The bank’s total advances surged past ₹ 9,82,875 crores, reflecting an 8.62% year-on-year (Y-o-Y) growth. The significant increase in retail and RAM (Retail, Agriculture, and MSME) advances highlights the bank’s strategic focus on expanding its domestic loan portfolio.
Key Highlights of Union Bank of India’s Financial Performance
1. Total Business Growth
- Total Business (Global): Reached ₹ 22,92,625 crores, marking a 7.82% Y-o-Y growth.
- Total Deposits (Global): Increased to ₹ 13,09,750 crores, up 7.22% Y-o-Y.
- Domestic Deposits: Climbed to ₹ 12,71,751 crores, a 6.05% increase from the previous year.
- Domestic CASA Deposits: Improved by 3.94% Y-o-Y, reaching ₹ 4,26,242 crores.
2. Strong Advances Growth
- Global Gross Advances: Rose to ₹ 9,82,875 crores, an 8.62% increase Y-o-Y.
- Domestic Advances: Stood at ₹ 9,45,957 crores, reflecting an 8.28% Y-o-Y growth.
- Domestic RAM Advances: Grew to ₹ 5,34,315 crores, registering a 10.63% increase.
- Domestic Retail Advances: Surpassed ₹ 2,16,777 crores, recording a remarkable 22.14% Y-o-Y growth.
Quarterly Growth Performance (Q-o-Q)
Comparing the bank’s financial performance between December 2024 and March 2025:
- Total Business (Global): Up by 5.86%.
- Total Deposits (Global): Increased by 7.66%.
- Domestic Advances: Rose by 3.62%.
- Domestic Retail Advances: Saw an impressive 7.42% quarterly growth.
TOPICS:
Union Bank of India