Union Bank of India has reported results for second quarter ended September 30, 2012.
The bank has posted a rise of 57.31% in its net profit at Rs 554.56 crore for the quarter ended September 30, 2012 as compared to Rs 352.52 crore for the same quarter in the previous year. Total income has increased by 18.61% at Rs 6655.66 crore for quarter under review as compared to Rs 5611.37 crore for the quarter ended September 30, 2011.
Gross non-performing assets (NPAs) of the bank have increased to 3.66% for the quarter as against 3.49% in the previous quarter. Net non-performing assets (NPAs) of the bank were at 2.06%, marginally higher than 2.04% in the previous quarter.
