Union Bank of India reported a robust 50% surge in net profit for the March quarter, reaching ₹4,985 crore, driven by a significant increase in treasury gains. For FY25, net profit increased by 32% year-on-year, reaching ₹17,987 crore. While loan and deposit growth fell short of targets, the bank successfully reduced its gross non-performing assets ratio below 4%.
Mid- and small-cap pressure persists as valuation concerns deepen: Harsha Upadhyaya
Amidst DII buying and FII outflows, mid- and small-cap corrections are driven by valuation and earnings realities, according to Harsha Upadhyaya. He advises caution in