Dalal Street Investments
Top

Union Bank PAT rises 40% in September quarter

October 26, 2009

Union Bank of India (UBI) has announced its unaudited results for the quarter ended September 30, 2009.

The company reported a net profit of Rs 505.10 crore for the quarter under consideration against Rs 361.46 crore in the year ago period, a growth of 39.74%.

Total income of the bank has increased by 20.75% to Rs 3760.90 crore over Rs 3114.53 crore on a Year-on-Year (YoY) basis.

Citing lack of trained staff, Union Bank of India, which had charted major branch expansion plans, said it will go slow on the expansion.

Comments

Got something to say?






Bottom