For Quick Alerts
ALLOW NOTIFICATIONS  
For Daily Alerts

Union Bank Q4 net profits at Rs 579 crores; NPAs rise

|

Union Bank of India today reported a net profit of Rs 579 crores for the quarter ending March 31, 2014. Net interest income during the period rose to Rs 2052 crores during the period.

Asset quality which has remained a key concern for the banking sector deteriorated with the gross non performing assets coming in at 4.08 per cent as against 3.85, quarter on quarter.

Net non performing assets also rose at 2.33 per cent as against 2.26 per cent in the previous quarter.

 

The board of directors of Union Bank have declared a final dividend of Rs1.3 per share. The stock was down 6.59 per cent in trade.

GoodReturns.in

Read more about: union bank of india
Story first published: Thursday, May 8, 2014, 13:03 [IST]
Company Search
Enter the first few characters of the company's name or the NSE symbol or BSE code and click 'Go'

Find IFSC

We use cookies to ensure that we give you the best experience on our website. This includes cookies from third party social media websites and ad networks. Such third party cookies may track your use on Goodreturns sites for better rendering. Our partners use cookies to ensure we show you advertising that is relevant to you. If you continue without changing your settings, we'll assume that you are happy to receive all cookies on Goodreturns website. However, you can change your cookie settings at any time. Learn more