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Union Bank Q1 net up at Rs 228cr
Published on Fri, Jul 25, 2008 at 13:39 , Updated at Fri, Jul 25, 2008 at 17:04
Source : moneycontrol.com
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Union Bank has declared its first quarter results. Its Q1 net profit was up at Rs 228 cr versus Rs 225.1 cr. Its NII was up at Rs 810 cr versus Rs 771.3 cr. Its Q1 CAR was at 12.2%. The bank's provisions was up by 90.3% from Rs 155.38 crore to Rs 295.7 crore. Its MTM losses higher than expected at Rs 330 crore versus expectation of Rs 200 crore. Its NIMs were stable YoY at 2.6% on target to meet 2.8% for FY09. The bank's advances increased by 19%. UNION BANK OF INDIA CAR *Q1FY09: 12.22% *Q4FY08: 12.51% *Q3FY08: 13.03% *Q2FY08: 13.21%
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i feel even government should learn to be patient. this is not only our government, globally it has become a proble...
in Union Bank - vm179210 at 07-Oct-08 11:00
Will the banking stocks make a rally tomarrow with the welcome move by RBI of reducing the CRR by 50bps points? T...
in Union Bank - sankarantpr at 06-Oct-08 11:49
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