Union Bank of India has reported results for fourth quarter and year ended March 31, 2022
The bank has reported a rise of 8.26% in its net profit at Rs 1,439.60 crore for the quarter under review as compared to Rs 1,329.77 crore for the same quarter in the previous year. Total income of the bank increased by 3.09% at Rs 20417.44 crore for Q4FY22 as compared Rs 19804.91 crore for the corresponding quarter previous year.
On the consolidated basis, the bank has reported a rise of 22.68% in its net profit at Rs 1557.09 crore for the quarter under review as compared to Rs 1269.18 crore for the same quarter in the previous year. However, total income of the bank decreased by 6.42% at Rs 19,353.85 crore for Q4FY22 as compared Rs 20,681.40 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the bank has reported a rise of 80.05% in its net profit at Rs 5232.10 crore as compared to Rs 2905.97 crore for the previous year. However, total income of the bank decreased by 0.05% at Rs 80468.77 crore for year under review as compared to Rs 80511.83 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the bank has reported a rise of 83.88% in its net profit at Rs 5,265.32 crore as compared to Rs 2,863.40 crore for the previous year. However, total income of the bank decreased by 2.23% at Rs 81,754.07 crore for year under review as compared to Rs 83,618.18 crore for year ended March 31, 2021.
