Union Bank of India Ltd

Union Bank of India has announced a bold move to waive charges for non-maintenance of minimum balance in savings accounts, signaling a strategic shift towards customer-centric banking and enhanced customer satisfaction.

Union Bank of India has demonstrated resilience and growth in the competitive banking sector, with a strong financial performance and strategic market positioning that positions it for sustained growth.

Union Bank of India reported a 12% year-on-year increase in net profit for Q1, but its stock fell 3% due to weaker-than-expected core pre-provision operating profit.

Union Bank of India is set to release its quarterly financial results on May 8, 2025, amidst internal and external challenges, including a probe into procurement lapses and geopolitical tensions affecting Indian equities.