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Union Bank Q1 Results: Profit rises over 27% to Rs 5,641 crore
Mumbai, State-owned Union Bank of India on Wednesday reported a 27.5 per cent jump in its consolidated net profit to Rs 5,641.52 crore for the June quarter of the current fiscal on the back of better margins, improved asset quality and higher interest income.In the year-ago period, the bank's net profit stood at Rs 4,427.94 crore, as per a regulatory filing.The bank's net interest income (NII) edged up by 1.05 per cent year-on-year to Rs 27,203 crore in the reporting quarter, from Rs 26,919 cro…
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