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Shares of Union Bank of India fell 6.49 per cent to ₹116.00 on the BSE at 11.43 AM on Monday.
Union Bank of India informed on January 4 about its financial performance as of December 31, 2024.
According to its exchange filing ,the bank’s total advances crossed ₹94,9000 crore reflecting a 5.93 per cent year-on-year (YoY) growth. This indicates a positive trend in the bank’s lending activities.
The private lender’s domestic retail advances witnessed a significant surge of 16.35 per cent y-o-y, reaching ₹20,0999 crore as of December 31, 2024. This indicates a strong demand for credit from retail borrowers, which could be attributed to factors like increased consumer spending or loan uptake for various purposes.
The overall advances of the bank also displayed positive growth, with a 5.93 per cent y-o-y increase.
The stock hit a 52-week high of ₹172.45 on June 6,2024 and it reached a low of ₹106.55 on October 25, 2024 on the BSE.
Published on January 6, 2025
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