Union Bank of India Q1 profit rises 9.5% to Rs 560 cr
Bank reported a profit of Rs 511.59 crore during the same period of the previous fiscal
 "Union Bank of India Q1 profit rises 9.5% to Rs 560 cr")
The state-run bank had a profit of Rs 511.59 crore during the same period of the previous fiscal.
Total income increased to Rs 7,613.53 crore from Rs 6,561.10 crore, UBI said in a filing to the BSE.
Also Read
As of June 30, the bank's portfolio quality improved, with gross non-performing assets at 3.5% of gross advances, compared with 3.76% a year earlier.
Net non-performing assets declined to 1.96% from 2.2%.
The bank's capital adequacy ratio as of June 30 stood at 11.14%.