Union Bank of India has reported results for the fourth quarter and year ended March 31, 2018.
The Bank has reported net loss at Rs 2,583.38 crore for the quarter ended March 31, 2018, as compared to net profit of Rs 108.24 crore for the same quarter in the previous year. Total income of Bank decreased marginally by 1.78% at Rs 9,596.86 crore for the quarter under review as compared Rs 9,771.05 crore for the quarter ended March 31, 2017.
For the year ended March 31, 2018, the Bank has posted net loss at Rs 5,247.37 crore as compared to net profit of Rs 555.22 crore for the previous year. However, total income of Bank increased marginally by 0.30% at Rs 37,737.86 crore for year under review as compared to Rs 37,624.58 crore for the year ended March 31, 2017.
