Union Bank of India reports 13% fall in Q3 net profit

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

27 Jan 2015 Evaluate

Union Bank of India has reported results for third quarter ended December 31, 2014.

The bank has registered a fall of 13.33% in its net profit at Rs 302.42 crore for the quarter under review as compared to Rs 348.94 crore for the same quarter in the previous year. However, total income of the bank has increased 8.39% at Rs 8921.00 crore for Q3FY15 as compared Rs 8230.17 crore for the corresponding quarter previous year.

Gross non-performing assets (NPAs) increased to 5.08% in the October- December quarter as against 3.85% in the same quarter previous year, while net NPAs stood at 2.95%.

Peers

Company Name	CMP
State Bank Of India	978.50
PNB	117.05
Bank Of Baroda	234.55
Canara Bank	125.90
Union Bank Of India	179.25
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