INSUBCONTINENT EXCLUSIVE:
Union Bank of India's September quarter net earnings increased by a big 183 per centUnion Bank of India experienced a huge 183 per cent dive
in its consolidated net earnings for second quarter of the existing fiscal at Rs 1,510 crore versus Rs 533.87 crore taped in the matching
period of last year.The profits rose generally due to recovery from the DHFL account that was crossed out earlier.The lending institution's
net profit had actually stood at Rs 533.87 crore in the matching quarter last year, according to a BSE filing.The bank's core net interest
earnings grew 8.52 per cent to Rs 6,829 crore on a loan development of about three per cent and a growth in net interest margin to 2.95 per
cent as against 2.78 per cent in the year-ago period.The non-interest income throughout July-September 2021 grew 65.32 per cent to Rs 3,978
crore, generally on the back of a Rs 1,764-crore healing in written-off accounts.Speaking to press reporters, its President and Managing
Director Rajkiran Rai G stated the total healings are Rs 5,341 crore, out of which Rs 1,650 crore originated from DHFL recovery alone, which
