Union Bank of India has reported results for third quarter ended December 31, 2020.
The bank has reported 26.50% rise in its net profit of Rs 726.84 crore for the quarter under review as against net profit of Rs 574.58 crore for the same quarter in the previous year. Total income of the bank increased 87.16% at Rs 20,102.84 crore for Q3FY21 as compared Rs 10,741.21 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported 29.77% rise in its net profit at Rs 719.40 crore for the quarter under review as against net profit of Rs 554.36 crore for the same quarter in the previous year. Total income of the bank increased by 91.24% at Rs 21,008.66 crore for Q3FY21 as compared Rs 10,985.23 crore for the corresponding quarter previous year.
