Union Bank of India has reported results for second quarter ended September 30, 2013.
The bank has reported a fall of 62.47% in its net profit at Rs 208.12 crore for the quarter ended September 30, 2013 as compared to Rs 554.56 crore for the same quarter in the previous year. However, total income of the bank increased by 18.43% at Rs 7882.29 crore for quarter under review as compared to Rs 6655.66 crore for the quarter ended September 30, 2012.
Gross non-performing assets (NPAs) have improved to 3.64% in the July-September quarter as against 3.66% in the same quarter previous year, however net NPAs has increased to 2.15%.