Breaking News

You are here » Indian-Commodity  :  Top News  :  Union Bank of India reports 11% rise in Q1 net profit


Union Bank of India reports 11% rise in Q1 net profit

Union Bank of India has reported results for first quarter ended June 30, 2018.

The Bank has reported 11.12% rise in its net profit at Rs 129.54 crore for the quarter under review as compared to Rs 116.58 crore for the same quarter in the previous year. Total income of the Bank increased by 3.56% at Rs 9,908.76 crore for Q1FY19 as compared Rs 9,567.69 crore for the corresponding quarter previous year.

The Bank's gross NPA for the April-June quarter of the current fiscal increased to 16.00%, as compared to 12.63% in the same quarter of the previous year. Besides, Bank's Net NPA stood at 8.70% in Q1FY19.

Related News

View all news

Barley futures trade higher on good demand

Barley futures traded higher on NCDEX, as the participants increased their buying due to good demand from beer making industries amid low stocks position due to fall in supplies.The contract for November......

Nickel futures edge higher on improved demand

Nickel futures edged higher on MCX as participants built up fresh positions, tracking improved demand at the spot market. Further, a firming global trend also fuelled the uptrend.The contract for October......

Cardamom futures trade higher on firm demand

Cardamom futures traded higher on MCX, as market players accumulated their bets on low production prospects followed by firm demand from spot domestic markets. Moreover, tight inventory levels after heavy......

Top News

View all news

Ashiana Housing wins two awards

Ashiana Housing has won two awards. Realty Plus Awards 2018 has felicitated 'Ashiana Umang' as 'Best Themed Project' and the company's website as the 'Best Real Estate Website of the year'.Ashiana Umang......

Tata Power inaugurates second 'All-women' CRC in Mumbai

Tata Power has inaugurated its second 'All Women' Customer Relations Centre (CRC) in Borivali (East), Mumbai, with an aim to continue providing their talented and highly skilled women employees with new......

McLeod Russel hands over specified assets of eight Tea Estates to M K Shah Exports

McLeod Russel India has handed over the specified assets of the eight Tea Estates of the company to M K Shah Exports.Post completion of due diligence by M K Shah Exports (Buyer) and on compliance of the......