New Delhi: Union Bank of India on Friday announced a credit growth of 8.6%, reaching Rs 9.82 lakh crore in the March 2025 quarter, up from Rs 9.04 lakh crore at the end of March 2024. The state-owned lender also reported a 7.22% increase in total deposits, which rose to Rs 13.09 lakh crore from Rs 12.21 lakh crore in the same quarter last year.
The total business of Union Bank of India saw a 7.8% rise, reaching Rs 22.92 lakh crore compared to Rs 21.26 lakh crore at the end of the previous financial year.
J&K Bank and Ujjivan Small Finance Bank Report Growth in Advances
Meanwhile, Jammu and Kashmir Bank (J&K Bank) recorded a 10.3% growth in advances, reaching Rs 1.06 lakh crore at the end of FY25, compared to Rs 96,981 crore in the previous year. The bank’s deposits also grew by 10.2%, rising to Rs 1.48 lakh crore from Rs 1.34 lakh crore.
Ujjivan Small Finance Bank reported a 7.9% increase in advances, with Rs 32,122 crore at the end of FY25, compared to Rs 29,780 crore a year earlier.
These results highlight a positive trend in the banking sector, with significant growth in both advances and deposits across key players.
