UBI Q4 net jumps two fold to Rs 521 cr

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Wednesday, May 07, 2008 at 1155 hrs Union Bank of India on Wednesday announced a net profit of Rs 521.13 crore for the quarter ended March 31, an over two fold increase from the corresponding period last year.

The bank had reported a net profit of Rs 228.58 crore for the quarter ended March 31, 2007, the bank said in a filing to the Bombay Stock Exchange.

Total income of the bank increased to Rs 2,913.10 crore for the fourth quarter this fiscal from Rs 2,336.72 crore a year ago.

For the year ended March 31, the bank reported a net profit of Rs 1,387.03 crore as against Rs 845.39 crore in the last fiscal and its total income grew to Rs 10,534.27 crore to the same period against Rs 8,068.72 crore last year.