Union Bank net up by 2.07 percent in Q4 of FY13

Public sector Union Bank posted a 2.07 percent rise in net profit to Rs.789 crore for the last quarter (January-March) of the 2012-13 financial year from Rs.773 crore clocked during the corresponding period in 2011-12.

The net interest margin (NIM) for the fourth quarter of 2012-13 was at 2.89 percent compared to 3.16 percent during the fourth quarter of 2011-12.

For the whole fiscal (2012-13), the bank's net profit went up by 20.76 percent to Rs.2,158 crore from Rs.1,787 crore in 2011-12.

-- Indo-Asian News Service

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