Union Bank of India has reported results for the quarter and year ended March 31, 2013.
The bank’s net profit for the Q4FY13 rose by 2.09% at Rs 789.38 crore as compared to Rs 773.19 crore for the Q4FY12. Its total income has increased by 15.41% to Rs 7500.59 crore for the quarter from Rs 6498.79 crore for the corresponding quarter of the previous year.
For the year ended March 31, 2013, the bank’s net profit rose by 20.75% at Rs 2157.93 crore as compared to Rs 1787.13 crore for the year ended March 31, 2012. However, its total income has increased by 17.89% to Rs 27676.73 crore for the year under the review from Rs 23476.66 crore for the previous year.
On consolidated basis, for the year ended March 31, 2013, the bank’s net profit rose by 21.38% at Rs 2131.15 crore as compared to Rs 1755.75 crore for the year ended March 31, 2012. Its total income has increased by 19.46% to Rs 28036.57 crore for the year under the review from Rs 23468.79 crore for the previous year.
