State-owned Union Bank of India on Wednesday reported a forecast beating 29% year-on-year jump in its fourth quarter net profit at Rs 773 crore, aided by a fall in non-performing assets (NPAs) and a rise in other income component. Net interest income or the difference between interest earned and paid out, rose more than 9% to Rs 1,876 crore.
first published: May 9, 2012 12:10 pm
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