Union Bank of India shares fell as much as 7% on Monday, January 6, following the release of its December quarter business update earlier.
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The quarter increased by 3.8% on a year-on-year through Union Bank deposits but 2% declined when compared to the September quarter.
Last year ₹9.49 lakh crore was Advanced growth during the quarter also at 5.9%. On a straight, that number grew by 2.2%.
Fell 0.24% Union Bank’s total business (Global) by quarter-on-quarter but year-on-year rose 4.7% at ₹21.65 lakh crore.
Total deposits (global) were down 2.04% quarter-on-quarter and were up 3.76% at ₹12.16 lakh crore.
Arise 2.18% Quarter-on-Quarter The lender’s global gross advances were up 5.93% year-on-year at ₹9.49 lakh crore.
Domestic CASA deposits were down 0.23% quarter-on-quarter and down 0.44% year-on-year at ₹3.95 lakh crore.
Domestic advances increased 2.06% on a quarterly basis and 5.33% on an annual basis at ₹9.13 lakh crore.
The lender’s global total deposits, which decreased 2.04% on a quarterly basis but increased 3.76% at ₹12.16 lakh crore.
Global gross advances increased 2.18% on a quarterly basis and increased 5.93% on an annual basis at ₹9.49 lakh crore.
Domestic CASA deposits decreased 0.23% on a quarterly basis and decreased 0.44% on a yearly basis at ₹3.95 lakh crore.
Shares of Union Bank of India are currently trading 6.7% lower on Monday at ₹115.67.
Union Bank Share