State-owned, India's fifth largest bank, Union Bank of India has posted a net profit increase of 128 per cent at Rs 521 crore for the quarter ended March 31, 2008 as compared to Rs 228 crore posted in the corresponding quarter of the previous year. Total income of the company has increased by 24.70 per cent at Rs 2,913 crore as against Rs 2,336 posted in the same quarter of the earlier year. Annual net profit of the bank has rose by 64 per cent at Rs 1,387 crore as compared to Rs 845 crore posted last year. Similarly total income increased by 30.58 per cent at Rs 10,534 as against Rs 8,068 crore.
