Union Bank Q2 net up 21.07 per cent to Rs 1,848 crore on a YoY basis

Its net interest margin (NIM) improved to 3.15 per cent in Q2FY23 from 2.95 per cent in Q2FY2

Union Bank of India's net profit rose by 21.07 per cent year-on-year (YoY) to Rs 1,848 crore in the quarter that ended in September (Q2FY23) on the back of an improvement in its net interest margin (NIM).

The public sector lender posted a net profit of Rs 1,526 crore in (Q2FY22).

The bank's stock was trading 1.0 per cent higher at Rs 47.25 per share on BSE on Thursday.

Union Bank's net interest income (NII) was up 21.61 per cent YoY in Q2FY23 to Rs 8,305 crore. According to the bank's filing with BSE, its net interest margin (NIM) improved