Union Bank of India reports Q3FY21 earnings
Posted On:
2021-01-29 07:21:02
(Time Zone: Arizona, USA)
The Board of Directors of Union Bank of India today approved the accounts of the Bank for the nine months and quarterended December 31, 2020.
Key Highlights in Q3FY21
Bank continues to demonstrate a strong liability franchise
The CASA deposits have increased by 11.10% YoY. We now have a total deposits base at Rs.8.82 Lakh Crores as at the end of Q3FY21. CASA ratio improved to 35.4% from 32.7% a year ago.
Credit in Retail, Agri and MSME (RAM) segments grown by 7% YoY
Bank registered 7% growth in Retail, 8% growth in Agriculture and 5% growth in MSME advances YoY.