Union Bank of India has reported results for fourth quarter and year ended March 31, 2021.
The bank has reported net profit at Rs 1329.77 crore for the quarter under review as compared to net loss at Rs 2503.18 crore for the same quarter in the previous year. Total income of the bank increased by 77.11% at Rs 20025.99 crore for Q4FY21 as compared Rs 11306.99 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported net profit at Rs 1269.18 crore for the quarter under review as compared to net loss at Rs 2713.03 crore for the same quarter in the previous year. Total income of the bank increased by 82.14% at Rs 20902.48 crore for Q4FY21 as compared Rs 11476.11 crore for the corresponding quarter previous year.
For the year ended March 31, 2021, the bank has reported net profit at Rs 2905.97 crore as compared to net loss at Rs 2897.78 crore for the previous year. Total income of the bank increased by 88.52% at Rs 80104.19 crore for year under review as compared to Rs 42491.91 crore for year ended March 31, 2020.
For the year ended March 31, 2021, on the consolidated basis, the bank has reported net profit at Rs 2863.40 crore as compared to net loss at Rs 3120.89 crore for the previous year. Total income of the bank increased by 92.31% at Rs 83210.54 crore for year under review as compared to Rs 43268.49 crore for year ended March 31, 2020.
