Union Bank of India has posted a 14% increase in net profit to Rs 240.39 crore for the first quarter ended June 30, 2005 as compared to Rs 210.40 crore in Q1FY05. According to a release issued by Union Bank of India to the BSE, total income has increased to Rs 1,491.45 crore in Q1FY06 from Rs 1,400.65 crore in Q1FY05.
