Union Bank Q1 net up at Rs 228cr
Published on Fri, Jul 25, 2008 at 13:39 | Source : Moneycontrol.com
Updated at Fri, Jul 25, 2008 at 17:04
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Union Bank Q1 net up at Rs 228cr
Union Bank has declared its first quarter results. Its Q1 net profit was up at Rs 228 cr versus Rs 225.1 cr.
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 p rovisions was u p 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 a dvances increased by 19%.
UNION BANK OF INDIA
CAR
*Q1FY09: 12.22%
*Q4FY08: 12.51%
*Q3FY08: 13.03%
*Q2FY08: 13.21%
Particulars Jun-08 Mar-08 Dec-07 Sep-07
Interest Earned / Operating Income
2533.21
2602.43
2458.59
2254.83
Interest on Advance
1841.44
1813.49
1756.19
1626.14
Income on Investment
682.25
683.19
671.77
585.17
Interest on Balances
8.41
10.42
14.02
17.18
Others Interests
1.11
95.33
16.61
26.34
Other Income
221.67
310.67
347.45
270.82
Total Income
2754.88
2913.1
2806.04
2525.65
Interest Expended
-1723.19
-1768.52
-1670.51
-1582.04
Operating Expenses
-415.68
-253.9
-499.68
-415.28
Payment/Provisions for Employees
-224.69
-57.09
-279.38
-254.55
Other Operating Expenses
-190.99
-196.81
-220.3
-160.73
Total Expenditure for Banks
-2138.87
-2022.42
-2170.19
-1997.32
Profit before Tax
616.01
890.68
635.85
528.33
Tax
-92
-4.37
-160
-155
Provisions and Contingencies
-295.72
-365.18
-110.83
-97.55
Net Profit
228.29
521.13
365.02
275.78
Equity Capital
505.12
505.12
505.12
505.12
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