Union Bank of India net profit up went by 16%
- Union Bank of India's net profit for the third quarter went up by 16 per cent because of higher income from treasury and its retail loan portfolio.
- The net profit stood at Rs. 349 crore for the third quarter of FY'2014 where the net profit was Rs. 302 crore, for the same quarter last year.
- Total deposits: Rs. 2,85,125 crore (19 percent growth).
- Total advances: Rs. 2,27,745 crore (20 per cent growth).
- Total income: Rs. 8,230 crore (18 per cent growth).
- The gross non-performing assets (NPA) increased to Rs. 8,776 crore and its an increase of 0.49 percent and stood at 3.85 percent.
- Arun Tiwari is the Chairman and Managing Director of this bank.
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