Union Bank of India shares dip after announcement of Q4FY25 business update | Stock Market News
Source: Live Mint
Shares of Union Bank of India crashed 5% in trading session on Friday, April 04, reaching ₹124.77, following the release of the bank’s Q4 FY25 (fourth quarter) business update.
In a filing to the exchange today, the public sector lender reported an 7.85% improvement in its total business, reaching ₹22,92,625 crore, for the quarter ending March.
The bank’s gross advances stood at ₹9,82,875 crore in Q4 FY25, an increase of 8.62% compared to Q4 FY24 gross advances of ₹9,04,884 crore. Additionally, the total deposits of the bank grew by 7.22% YoY to ₹13,09,750 crore in Q4 FY25.
The domestic Current Account and Savings Account (CASA) stood at ₹4,26,242 crore, marking a 3.94% increase from ₹4,10,071 crore. Domestic Retail Advances jumped 22.14% YoY to ₹2,16,777 crore, as per the bank’s filing.
