Union Bank: Retail Lending Drives 5% Business Growth in Q1

🏦

posted a 5% YoY rise in total business to ₹21.09 lakh crore for Q1 FY24. Deposits climbed 3.63% to ₹11.97 lakh crore, while global gross advances increased 6.83% to ₹9.12 lakh crore. Domestic retail advances surged 25.6% YoY to ₹1.82 lakh crore, highlighting robust consumer lending momentum.