Union Bank FY07 net up 25% - Video

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Union Bank reported a 25% increase in net profit at Rs 845.39 crore for the year ended March 31, 2007 when compared with Rs 675.18 crore in FY06.

According to a release issued by the bank to the BSE today, total income increased to Rs 8,068.72 crore for the year ended March 31, 2007 from Rs 6,358.20 crore for the year ended March 31, 2006.

The bank has posted a net profit of Rs 228.58 crore for the fourth quarter ended March 31, 2007 when compared with Rs 144.61 crore for the quarter ended March 31, 2006. Total income increased to Rs 2,336.72 crore for the quarter ended March 31, 2007 from Rs 1,745.47 crore for the quarter ended March 31, 2006.