Union Bank Q1 Results: Profit rises over 27% to Rs 5,641 crore

Union Bank of India achieved a remarkable 27.5% surge in its net profit for the June quarter. The bank experienced a subtle rise in net interest income, alongside a slight enhancement in margins. Additionally, the bank attracted deposits from overseas locations like Australia and the UAE through a specialized RBI window. Both global and domestic deposits increased, with a significant growth in low-cost CASA deposits as well.

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