Union Bank of India has reported consolidated results for the year ended March 31, 2015.
For the year ended March 31, 2015, the bank’s consolidated net profit grew by 5.26% at Rs 1757.46 crore as compared to Rs 1669.56 crore for the previous year ended March 31, 2014. Its consolidated total income has increased by 11.03% to Rs 36121.40 crore for the year from Rs 32534.26 crore for the year ended March 31, 2014.
Union Bank of India recommended dividend of 60% i.e. Rs. 6 per share and the same will be paid to the shareholders by July 06, 2015 subject to its approval in the ensuing Annual General Meeting of shareholders of the Bank.
