Union Bank of India reports 32% rise in Q3 net profit

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

09 Feb 2017 Evaluate

Union Bank of India has reported results for third quarter ended December 31, 2016.

The Bank has reported 32.42% rise in its net profit at Rs 104.00 crore for the quarter under review as compared to Rs 78.54 crore for the same quarter in the previous year. Total income of the Bank increased by 8.95% at Rs 9589.45 crore for Q3FY17 as compared Rs 8802.06 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 11.70%, as compared to 7.05% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 6.95% in Q3FY17.

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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