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11-Aug2018

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.


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