Union Bank of India reports 77% rise in Q2 net profit

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

06 Nov 2015 Evaluate

Union Bank of India has reported results for second quarter ended September 30, 2015.

The bank has reported a rise of 77.24% in its net profit Rs 658.16 crore for the quarter ended September 30, 2015 as compared to net profit of Rs 371.34 crore for the same quarter in the previous year. Total income has increased by 3.95% at Rs 9100.90 crore for quarter under review as compared to Rs 8754.69 crore for the quarter ended September 30, 2014.

The bank’s gross NPA for the July-September quarter of the current fiscal rose to 6.12%, as compared to 4.69% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 3.39% in Q2FY16.

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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