Union Bank of India

PSU banks’ profit crosses Rs 1 lakh crore mark in FY23 – Times of India

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[ad_1] NEW DELHI: Public sector banks’ cumulative profit crossed the Rs 1 lakh crore mark in financial year 2023, with market leader SBI accounting for nearly half of the total earnings.From posting a total net loss of Rs 85,390 crore in 2017-18, PSBs have come a long way as their profit touched Rs 1,04,649 crore … Read more

UBI Q4 Profit Zooms 81% On Higher Recoveries From Written-Off Loans

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[ad_1] New Delhi: Union Bank of India on Saturday reported an 80.57 percent jump in March quarter net profit at Rs 2,811 crore helped by a huge jump in recoveries from written-off accounts. The state-owned lender’s net profit in entire 2022-23 was Rs 8,512 crore as against Rs 5,265 crore a year ago. In the … Read more