Union Bank today reported nearly 8.5 per cent increase in its net profit to Rs 579.57 crore for the quarter ended December 31, 2010.
The Bank recorded a profit of Rs 534.13 crore in the same period last year.
The bank's total income rose 24.87 per cent to Rs 4,693.06 crore in the third quarter of this fiscal from Rs 3,758.32 crore in the corresponding period last year, Union Bank said in a filing to the Bombay Stock Exchange (BSE).
The net profit for the first nine months stood at Rs 1,484.38 crore, as compared to Rs 1,481.42 crore in the year-ago period.
Its total income in April-December 2010-11 was Rs 13,275.59 crore against Rs 11,223.22 crore for the same period in the last fiscal.