 "Union, Union Bank of India,")
State-owned lender Union Bank of India reported a 73 per cent increase in its net profit at Rs 225 crore, compared to Rs 130 crore in the same period last fiscal year (FY19), on the back of lower provisions and healthy growth in treasury income.
In the March quarter of FY19, the PSU lender had posted a net loss of Rs 3,370 crore because of high provisions of Rs 5,100 crore.
The net interest income (NII) of the lender saw a 4 per cent decline at Rs 2,519 crore in this quarter compared to Rs 2,626 crore in Q1FY19. The net interest
