Union Bank Of India's December Quarter Profit Soars 49% To Rs 1,085 Crore

Union Bank of India has registered a 49 per cent jump in net profit to Rs 1,085 crore for the third quarter of the current financial year

State-owned lender Union Bank of India has registered a 49 per cent jump in net profit to Rs 1,085 crore for the third quarter of the current financial year.

The bank had earned a net profit of Rs 727 crore in the corresponding quarter of the previous financial year.

Total income during the October-December quarter of 2021-22 fell to Rs 19,453.74 crore from Rs 20,102.84 crore in the corresponding quarter of the previous fiscal, Union Bank of India said in a regulatory filing.