Union Bank of India has posted a 79 per cent rise in net profit at Rs 201.84 crore in the fourth quarter ended March 31, 2003, compared with Rs 112.59 crore in the corresponding quarter previous fiscal.
The surge in profit comes on the back of a 157 per cent increase in the other income at Rs 415.40 crore from Rs 161.51 crore in the year-ago period.
Interest income edged up by six per cent to Rs 1,068.98 crore (Rs 1,008.37 crore), while the total income was up by 27 per cent to Rs 1484.38 crore (Rs 1,169.88 crore).
More From This Section
Total expenditure grew by 19 per cent to Rs 980.57 crore (Rs 820.97 crore). V Leeladhar, chairman and managing director, said the board had recommended a dividend of 21 per cent.