Union Bank of India has reported results for first quarter ended June 30, 2012.
On standalone basis, the bank has posted a rise of 10.16% in its net profit at Rs 511.59 crore for the quarter ended June 30, 2012 as compared to Rs 464.42 crore for the same quarter in the previous year. Total income has increased by 21.51% at Rs 6561.10 crore for quarter under review as compared to Rs 5399.68 crore for the quarter ended June 30, 2011.
Gross non-performing assets (NPAs) rose to 3.76% in the April-June quarter as against 2.57% in the same quarter previous year while net NPAs increased to 2.20%.
