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Union Bank reported strong Q1 results with consolidated Net Profit of 564.15 Cr.

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Union Bank of IndiaUNIONBANK · Filed with the exchange

Asset quality improved significantly, with Gross NPAs at 2.65% and Net NPAs at 0.47%. The bank redeemed ₹850 Cr in Tier-II bonds and bolstered reserves with a ₹21,701.40 Cr IFR transfer.

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