New Delhi: Public sector Union Bank of India today reported a 78.4 percent rise in net profit at Rs 371.34 crore for the second quarter ended September 30.
The bank had a net profit of Rs 208.12 crore in the July-September quarter of 2013-14 fiscal.
Net interest income for the quarter rose by 6.7 percent to Rs 2,085 crore, from Rs 1,954 crore in the year ago period, Union Bank said in a filing to the BSE.
Gross non-performing assets (NPA) as a percentage of total advances stood at 4.69 percent as on September September 2014, against 3.64 percent in September 2013.
Net interest margin stood at Rs 2.60 percent in the September quarter.
Total income rose to Rs 8,754.69 crore for the quarter ended September 30, 2014, from Rs 7,882.29 crore in the year ago period.
Shares of Union Bank were trading at Rs 224.90, up 0.31 percent over previous close on the BSE.
