Union Bank of India CC-Jun24.pdf · 2024-07-20
So, I have three questions. Firstly, as you mentioned that the standard asset provisions we are anticipating some loan accounts defaulting. So, also do you feel that we will increase the standard asset provision going forward also or it was maybe one -off this quarter and this will be such high provisions in the future quarters as well? A. Manimekhalai Yes, this is a one-off provisioning of a certain couple of accounts and that's the reason that we have done this.
So, from next quarter onwards, this amount will be lower. A. Manimekhalai Yes, in the next quarter, it may not come up.