MUMBAI (Reuters) - State-run lender Union Bank of India expects gross non-performing assets in the fiscal year ending March 2014 at under 3 percent of total assets, its chairman said on Thursday.
The bank's debt restructuring pipeline, which includes state power distribution companies, for the July-September quarter will be at 50 billion rupees, D. Sarkar told reporters.
Earlier on Thursday Union Bank reported a 9.37 percent rise in net profit for the April-June quarter.
(Reporting by Swati Pandey; Editing by Anand Basu)
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