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Here's an analysis of the annual report of UNION BANK for 2023-24. It includes a full income statement, balance sheet and cash flow analysis of UNION BANK. Also includes updates on the valuation of UNION BANK.
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Check out latest UNION BANK Quarterly Results online at Equitymaster.
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Higher deposit rates take a toll on Canara Bank and Union Bank of India. What's the outlook for the second half of FY25?
These banks have over 8,000 branches across the country and that will be key to garnering low-cost savings and current account deposits to keep NIMs steady.
With NPAs on the decline, Union Bank is optimistic about robust growth and it's well-placed to capitalise on the pickup in corporate credit cycle.
The ability for banks like Union Bank of India and Canara Bank to manage their NIMs would be key, given that the rate easing cycle is still 6-9 months away.
The ability of these two PSU banks to effectively manage a rising interest rate scenario is commendable.
In the past few days, two PSU banks have reported strong operational performance. Find out more details inside.
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