Union Bank second quarter results: profit drops 10% due to decline in core revenues and recovery of written-off loans

State-owned Union Bank of India on Thursday reported a 10 per cent decline in September quarter profit to Rs 4,249 crore, driven by a decline in core income and also recovery in written-off accounts. Newly appointed Managing Director and Chief Executive Asheesh Pandey said the lender will strike a balance between revenue growth and protecting […]