2025-01-24 12:51:40 pm | Source: Motilal Oswal Financial Services Ltd
Company Update : Union Bank of India By Motilal Oswal Financial Services Ltd
Deposit growth modest, CASA mix moderates
Union Bank released its 3QFY25 business update. Following are the key takeaways:
* Total business grew 4.7% YoY to INR216t.
* Advances rose 5.93% YoY (up 2.2% QoQ) to INR9.5t. Domestic advances increased by 5.3% YoY (up 2.1% QoQ) to INR9.1t. Domestic RAM advances grew 6.1% YoY (down 1.45% QoQ).
* Deposits grew 3.8% YoY (down 2% QoQ), with domestic CASA deposits declining by 0.44% YoY (down 0.2% QoQ).
* Domestic deposits rose 2.5% YoY (down 2.4% QoQ) to INR11.8t.
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