Union Bank Q2 net profit up 30% as margins improve
Indian markets moved higher in a quarterly results development.
· Economic Times Markets, ET Stocks
Total advances in the September quarter increased 19% year-on-year to ₹11.6 lakh crore, led by a 17% growth in domestic advances, which was supported by a 24% increase in corporate advances to ₹5.2 lakh crore. The bank has a corporate loan pipeline of ₹1 lakh crore.
The analysis
Earnings versus expectations is what actually re-rates a stock; the surprise matters more than the absolute number.
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