Union Bank of India reports 50% rise in Q3 consolidated net profit

Union Bank of India has reported results for third quarter ended December 31, 2021.

union bank of india trades higher on the bse e1576056406392
union bank of india trades higher on the bse e1576056406392

Union Bank of India The Bank has reported a rise of 49.33% in its net profit at Rs 1085.40 crore for the quarter under review as compared to Rs 726.84 crore for the same quarter in the previous year. However, total income of the bank decreased by 3% at Rs 19453.74 crore for Q3FY22 as compared Rs 20057.45 crore for the corresponding quarter previous year.

On the consolidated basis, the Bank has reported a rise of 49.76% in its net profit at Rs 1077.40 crore for the quarter under review as compared to Rs 719.40 crore for the same quarter in the previous year. Union Bank of India

However, total income of the bank decreased by 3.48% at Rs 20233.19 crore for Q3FY22 as compared Rs 20963.27 crore for the corresponding quarter previous year.

BREAKING NEWS:
Get 365-day plans under ₹2000 before price hike! IPL 2026: Vaibhav Sooryavanshi Leads in Sixes! Rajasthan Royals lose despite Sooryavanshi’s fiery innings: Key culprits!