Union Bank net rises 10% despite pressure on loans
Higher provisioning
towards bad loans and restructured loans tempered Union Bank of India’s net
profit growth in the April-June quarter.
In the reporting quarter, the public
sector bank reported a 10 per cent increase in net profit at 512 crore against
Rs 464 crore in the same quarter last year.
Net interest income (the difference
between interest earned and expended) was up by 15.59 per cent at Rs 1,822
crore (Rs 1,590 crore). Non-interest income nudged up marginally to Rs 491
crore (Rs 484 crore).
Mr D Sarkar, Chairman and Managing
Director and Mr S.S. Mundra, Executive Director were announced the above Apr –
June quarter report.
For More Details, Click on below link:
It was helped me in interview of Union Bank of India
ReplyDelete