Union Bank of India Q4 FY25 results (Jan–Mar 2025) and concall

Union Bank reported strong Q4 FY25 results with highest ever annual net profit and significant YoY growth in quarterly net profit, driven by robust asset quality and high provision coverage. While credit and deposit growth were below guidance due to a conscious strategy of prioritizing profitability over volume, the bank maintained a healthy NIM. Management acknowledged potential near-term NIM pressure and increased slippages in MSME/Agri segments, attributing the latter to one-time factors and automated classification. The board recommended a 47.5% dividend for FY25.