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Union Bank of India reports net profit of Rs 139 crore in Q2

Union Bank of India has reported results for second quarter ended September 30, 2018.

The Bank has reported net profit of Rs 139.03 crore for the quarter under review as against net loss of Rs 1,530.72 crore for the same quarter in the previous year. However, total income of the bank decreased marginally by 0.02% at Rs 9,438.26 crore for Q2FY19 as compared Rs 9,439.73 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 15.74%, as compared to 12.35% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 8.42% in Q2FY19.

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