Public sector lender, Union Bank of India registered strong double-digit growth in the fourth quarter of FY23. In the quarter, the bank witnessed strong growth in terms of advances and deposits year-on-year, while a sharp decline has been seen in gross NPA. In the quarter, the bank registered 13.05% YoY and 0.73% QoQ growth in global advances to ₹8,09,905 crore, …
Indian markets extended their gains for a second consecutive day on Monday with Sensex and Nifty 50 crossing over the 61,100 and 18,200 marks respectively. During the second quarter, Indian Bank posted a 12% yoy growth in net profit to ₹1,225 crore, while net interest income soared by 15% yoy to ₹4,684 crore. In the second quarter of FY23, the …
