Union Bank of India has reported results for the first quarter ended June 30, 2020.
The bank has reported a rise of 48.26% in its net profit at Rs 332.74 crore for the quarter under review as compared to Rs 224.43 crore for the same quarter in the previous year. Total income of the bank reports 2-fold jump at Rs 19,891.26 crore for Q1FY21 as compared Rs 9,887.14 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a rise of 48.16% in its net profit at Rs 340.95 crore for the quarter under review as compared to Rs 230.12 crore for the same quarter in the previous year. Total income of the bank reports 2-fold jump at Rs 20,487.01 crore for Q1FY21 as compared Rs 10,053.68 crore for the corresponding quarter previous year.
