MoneyWorks4Me

Union Bank of India reports over 2-fold jump in Q1 consolidated net profit

21 Jul 2023 Evaluate

Union Bank of India has reported results for first quarter ended June 30, 2023 (Q1FY24). 

Union Bank of India has reported over 2-fold jump in its net profit at Rs 3236.44 crore for the quarter under review as compared to Rs 1558.46 crore for the same quarter in the previous year. Total income of the bank increased by 30.44% at Rs 27381.25 crore for Q1FY24 as compared Rs 20991.09 crore for the corresponding quarter previous year.

On consolidated basis, the bank has reported over 2-fold jump in its net profit at Rs 3271.65 crore for the quarter ended June 30, 2023 as compared to Rs 1583.10 crore for the same quarter in the previous year. Total income of the bank increased by 31.21% at Rs 27822.29 crore for Q1FY24 as compared Rs 21204.45 crore for the corresponding quarter previous year.

Peers
Company Name CMP
State Bank Of India 961.70
PNB 116.10
Bank Of Baroda 230.00
Canara Bank 118.60
Union Bank Of India 172.00
View more..