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6 months ago
BRIEF-Union Bank of India Dec-qtr profit up about 32 pct
February 8, 2017 / 11:14 AM / 6 months ago

BRIEF-Union Bank of India Dec-qtr profit up about 32 pct

Feb 8 (Reuters) - Union Bank of India Ltd

* Dec quarter net profit 1.04 billion rupees versus net profit of 785.4 million rupees year ago

* Dec quarter interest earned 82.50 billion rupees versus 79.09 billion rupees year ago

* Dec quarter provisions 16.70 billion rupees versus 12.38 billion rupees year ago

* Dec quarter gross NPA 11.70 percent versus 10.73 percent previous quarter

* Dec quarter net NPA 6.95 percent versus 6.39 percent previous quarter

* Consensus forecast for Dec quarter net profit was 2.46 billion rupees

* Says provision coverage ratio as at 31.12.2016 is 50.62 percent Source text: bit.ly/2kqLEtO Further company coverage:

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