|
|
Article: UBI FY 07 net profit up 25 per cent at Rs 845-crore.(Financial report)
- Article from:
- PTI - The Press Trust of India Ltd.
- Article date:
- May 7, 2007
CopyrightCOPYRIGHT 2007 Asia Pulse Pty Ltd. This material is published under license from the publisher through the Gale Group, Farmington Hills, Michigan. All inquiries regarding rights should be directed to the Gale Group. (Hide copyright information)
|
UBI FY 07 net profit up 25 per cent at Rs 845-crore
Mumbai, May 7 (PTI) A rise in interest and non-interest income, cost cutting measures and a dip in bad loans helped Union Bank of India post a 25.19 per cent jump in net profit at Rs 845 crore in 2006-07 as against Rs 675 crore in FY06.
The bank's total business increased 15.61 per cent at Rs 1,48,838-crore while its total income jumped 26.91 per cent at Rs 8,069-crore as against Rs 6,358-crore in FY 06.
Addressing reporters here today, UBI's Chairman and Managing Director, M V Nair, attributed the robust performance to healthy interest and non-interest incomes.
While interest income ...