FilingReader Intelligence

Union Bank achieves record profit, boosts sustainable finance initiatives

July 9, 2025 at 12:10 AM UTCBy FilingReader AI

** Union Bank of India announced a record net profit of INR 17,987 crore for fiscal year 2024-25, a 32% increase year-over-year. This strong financial performance is detailed in the bank's Integrated Annual Report, which emphasizes sustainable business growth and value creation. Reflecting this commitment, the bank’s strategic focus includes sustainable finance and digital excellence as the organisation pioneers innovative approaches. As part of this, the bank's green financing portfolio reached INR 28,742 crore. The board has set its sights on increased digital lending, targeting revenue diversification, and maintaining a strong financial position with adequate capital for growth. Furthermore, the bank is actively reducing carbon footprint through Green Initiative.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:UNIONBANKBombay Stock Exchange

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