Union Bank of India reports 78% rise in Q2 net profit

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

31 Oct 2014 Evaluate

Union Bank of India has reported results for second quarter ended September 30, 2014.

The bank has posted a rise of 78.42% in its net profit at Rs 371.34 crore for the quarter ended September 30, 2014 as compared to Rs 208.12 crore for the same quarter in the previous year. Total income has increased by 11.06% at Rs 8754.69 crore for quarter under review as compared to Rs 7882.29 crore for the quarter ended September 30, 2013.

Gross non-performing assets (NPAs) increased to 4.69% in the July-September quarter as against 3.64% in the same quarter previous year, while net NPAs stood to 2.71%.

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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