Union Bank of India Q3: Strong Growth in Advances, RAM Loans Surge

• Union Bank of India's global gross advances rose 7.13% YoY to ₹10.16 lakh crore.
• RAM advances (Retail, Agriculture, MSME) surged 11.49% YoY to ₹5.77 lakh crore.
• Global deposits reached ₹12.22 lakh crore, marking a 3.36% YoY increase.
• Domestic CASA deposits grew 4.99% YoY, improving the CASA ratio to 33.95%.
• The domestic credit-deposit ratio increased to 80.94%, reflecting strong loan disbursement.

Why It Matters: Union Bank of India reports robust Q3 growth driven by strong advances, especially in RAM sectors.