Business Standard

Union Bank of India Q1 at Rs 228 cr

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BS Reporter Mumbai

The bank reported a MTM loss of Rs 200 crore.

Net interest margin (NIM) of the bank came down to 2.63 per cent from 2.8 per cent in the preceding quarter.
 
The total income of the bank grew by 20.3 per cent to touch Rs 2,754.8 crore from Rs 2,289.4 crore in the corresponding quarter of the previous year.

 

Provisions and contingencies saw a sharp increase to Rs 295.7 crore against Rs 155 crore. The capital adequacy ratio (CAR) for the bank is 12.22 per cent.

The net non performing asset (NPA) stood at 0.15 per cent.

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First Published: Jul 25 2008 | 3:44 PM IST

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