Union Bank of India Q1 at Rs 228 cr

Image
BS Reporter Mumbai
Last Updated : Jan 19 2013 | 10:42 PM IST

The bank reported a MTM loss of Rs 200 crore.

Net interest margin (NIM) of the bank came down to 2.63 per cent from 2.8 per cent in the preceding quarter.
 
The total income of the bank grew by 20.3 per cent to touch Rs 2,754.8 crore from Rs 2,289.4 crore in the corresponding quarter of the previous year.

Provisions and contingencies saw a sharp increase to Rs 295.7 crore against Rs 155 crore. The capital adequacy ratio (CAR) for the bank is 12.22 per cent.

The net non performing asset (NPA) stood at 0.15 per cent.

*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Jul 25 2008 | 3:44 PM IST

Next Story