Union Bank of India reports 19% rise in Q1 net profit

Union Bank Of India | Bank - Public | BFSI | BSE: 532477 | NSE: UNIONBANK

01 Aug 2014 Evaluate

Union Bank of India has reported results for first quarter ended June 30, 2014.

The bank’s net profit for the quarter rose by 18.54% at Rs 664.11 crore as compared to Rs 560.22 crore for the quarter ended June 30, 2013. Its total income has increased by 12.26% to Rs 8547.56 crore for the quarter under review from Rs 7613.53 crore for the corresponding quarter of the previous year.

The bank’s gross NPA for the April-June quarter of the current fiscal stood at 4.27%, as compared to 3.50% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 2.46% in Q1FY15.

Peers

Company Name	CMP
State Bank Of India	982.50
PNB	116.70
Bank Of Baroda	235.25
Canara Bank	124.95
Union Bank Of India	180.00
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