Union Bank of India, one of the largest public sector banks of India, has reportedly purchased 2.47-acre plot from the State Government owned Housing Infrastructure Development Corporation (HIDCO). The 2.47-acre plot is situated at the Financial Hub in New Town, Rajarhat, on the north-eastern fringes of the city. This new plot will have zonal administrative office, regional office, and zonal audit office, among others.
The bank has reported a rise of 9.51% in its net profit at Rs 560.22 crore for first quarter ended June 30, 2013, 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.