Union Bank of India Q4 & FY05 net flat

 According to a release issued by Union Bank of India to the BSE, the bank has reported a mere 0.98% gain in net profit to Rs 719.06 crore for the year ended March 31, 2005 as compared to Rs 712.05 crore in FY04. Total income has increased from Rs 5347.77 crore for FY-04 to Rs 5735.89 crore for the year ended March 31, 2005.

The board of directors has proposed a final dividend of 15%. The interim dividend of 20% announced earlier takes the total dividend to 35% for the financial year 2004-05, the release said.