Union Bank of India has reported results for first quarter ended June 30, 2021.
The bank has reported above 3- fold jump in its net profit of Rs 1180.98 crore for the quarter under review as against net profit of Rs 332.74 crore for the same quarter in the previous year. However, total income of the bank increased 0.71% at Rs 20035.10 crore for Q1FY22 as compared Rs 19894.26 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported 3-fold jump in its net profit of Rs 1120.15 crore for the quarter under review as against net profit of Rs 340.95 crore for the same quarter in the previous year. Total income of the bank increased by 0.88% at Rs 20666.62 crore for Q1FY22 as compared Rs 20487.01 crore for the corresponding quarter previous year.
