Union Bank of India reports 10% rise in Q1 net profit

Union Bank Of India | Bank - Public | BFSI | BSE: 532477 | NSE: UNIONBANK

01 Aug 2013 Evaluate

Union Bank of India has reported results for first quarter ended June 30, 2013.

The bank has reported a rise of 9.51% in its net profit at Rs 560.22 crore for the quarter, as compared to Rs 511.59 crore for the same quarter in the previous year. Total income from operation of the bank has increased by 16.04% to Rs 7613.53 crore for the quarter under review as compared to Rs 6561.10 crore for the quarter ended June 30, 2012.

Gross non-performing assets (NPAs) improved to 3.50% in the April-June quarter as against 3.76% in the same quarter previous year while, net NPAs decreased to 1.96%.

Peers

Company Name	CMP
State Bank Of India	982.50
PNB	116.70
Bank Of Baroda	235.25
Canara Bank	124.95
Union Bank Of India	180.00
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