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

Union Bank of India's third quarter internet revenue has jumped 49 per cent

New Delhi: State-owned lender Union Bank of India has registered a 49 per cent soar in internet revenue to Rs 1,085 crore for the third quarter of the present monetary 12 months.The financial institution had earned a internet revenue of Rs 727 crore within the corresponding quarter of the earlier monetary 12 months.Total earnings throughout the October-December quarter of 2021-22 fell to Rs 19,453.74 crore from Rs 20,102.84 crore within the corresponding quarter of the earlier fiscal, Union Bank of India stated in a regulatory submitting.On the asset high quality entrance, the financial institution's gross non-performing property (NPAs) fell to 11.62 per cent of the gross advances by the top of the December 2023 quarter, in contrast with 13.49 per cent by the top of December 2020.However, internet NPAs elevated to 4.09 per cent, up from 3.27 per cent on the finish of December 2020.