The Hindu Business Line : Union Bank Q1 net up 81 pc at Rs 114 crore

UNION Bank of India has registered a 80.72 per cent rise in net profit at Rs 113.91 crore for the first quarter ended June 30, 2002 from Rs 63.03 crore in the corresponding quarter in the previous year.

According to a bank release, the increase in net profit is on account of an increase in interest income as well as non-interest income.

Gross NPA percentage has come down to 10.59 per cent (11.05 per cent) while net NPA percentage is down to 5.92 per cent (6.51 per cent).

Send this article to Friends by E-Mail

Stories in this Section
Clearing Corporation plans alternative to call money

Rupee steady; gilts bullish

Corpn Bank sets aside Rs 88 cr for tech upgradation

CanFin Q1 net rises 10 pc

GACL under Fitch rating watch

RBI cheers up Govt with Rs 10,300-cr dividend

RBI surplus profit surges above Rs 10,000 crore

South Indian Bank net rises 22 pc

Online phone bill payment thru Centurion Bank

Union Bank Q1 net up 81 pc at Rs 114 crore

Global Trade Finance opens office in Bangalore

Bank defaults mount to Rs 80,246 cr: AIBEA

`Defend PSU banking' rallies today

`We're quite strong, but we'll have to watch out' — Mr A. Ramamurthy, current-in-charge and Managing Director, LIC