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Journalism of Courage
Union Bank of India today reported 10.15 per cent rise in net profit to Rs 511.59 crore for the April-June quarter of this fiscal.
The state-run bank had a profit of Rs 464.42 crore during the corresponding period of the previous fiscal.
During the period,total income of UBI increased to Rs 6,561.10 crore from Rs 5,399.68 crore for the quarter ended June 30,2011,it said in a filing to the BSE.
It further said the gross non-performing asset during the period grew to Rs 6,541.46 crore from Rs 3,745.10 crore.
Also,the bank maintained capital adequacy ratio at 11.64 per cent during the April-June quarter of 2012-13,against a CAR of 12.88 per cent in the same period of the previous fiscal,it said.
Shares of UBI were trading at Rs 164.5 apiece,down 7.61 per cent,on the BSE.
