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The Economic Times
The Economic Times
Business

Union Bank Q1 Results: Profit rises over 27% to Rs 5,641 crore

Union Bank of India RBI Australia UAE India

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.

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