Union Bank Posts 60% Increase in Net Profit at Rs 3,590 Cr; Flags Rising Stress Levels | India Business News
MUMBAI: State-run Union Bank of India on Saturday posted a 60 per cent increase in net profit to Rs 3,590 crore for the December quarter, driven by improved assets quality and lower slippages, but flagged rising stress in its retail book, especially home loans.On a sequential basis, the bottomline remained flat with Rs 79 crore … Read more