Union Bank Q1 net up 35% at Rs 225 cr

Public sector lender Union Bank of India on Monday posted 34.94 per cent increase in net profit at Rs 225.10 crore for the quarter ended June 30, as compared to Rs 166.81 crore for the same quarter last year.

Total income of the Bank increased 27.80 per cent to Rs 2289.48 crore for the quarter ended June 30, from Rs 1791.44 crore a year ago, Union Bank informed the Bombay Stock Exchange.

Shares of the bank were trading at Rs 153, up 2.89 per cent on BSE in afternoon trade.