Union Bank Q2 PAT up 57% at Rs 555 cr

Union Bank of India has announced its second quarter results. The company's Q2 net profit was up 57% at Rs 555 crore versus Rs 353 crore, year-on-year, (Yoyo)

Its net interest income was up 11% at Rs 1850.2 crore versus Rs 1,661 crore, Yoyo.

Its gross NPA was at 3.66% versus 3.76%, quarter-on-quarter, QoQ. and Net NPA was at 2.06% versus 2.2%, QoQ.

The company's provisions were down at Rs 487 crore versus Rs 518 crore, QoQ. Its capital adequacy ratio at 11.39% versus 11.64%, QoQ.

Source: www.moneycontrol.com

Thanks,

Gaurav Agarwal

Head Dealer

DENIP Consultants Pvt Ltd