Union Bank of India has reported results for the fourth quarter and year ended March 31, 2017.
The Bank has posted a jump of 12.59% in its net profit at Rs 108.22 crore for the quarter ended March 31, 2017 as compared to Rs 96.12 crore for the same quarter in the previous year. Total income of the Bank increased by 9.98% at Rs 9771.04 crore for quarter under review as compared to Rs 8884.41 crore for the quarter ended March 31, 2016.
For the year ended March 31, 2017, the bank has posted a fall of 58.92% in its net profit at Rs 555.21 crore as compared to Rs 1351.60 crore for the same period in the previous year. However, total income of bank increased by 5.01% at Rs 37624.58 crore for year under review as compared to Rs 35830.54 crore for the period ended March 31, 2016.
