Union Bank of India reported a 29% jump in net profit at Rs 773 crore for the quarter ended March 2012. It was Rs 597 crore in the same period a year ago.
The total income rose 24.5% to Rs 6,499 crore from Rs 5,216 crore in March 2011. The other income increased 26% to Rs 755 crore from Rs 600 crore in March 2011.
However, the state-own lender's net profit for the financial year ended March 2011 dipped 14.4% to Rs 1,787 crore from Rs 2,082 crore in FY11.
The total income was up 27% though at Rs 23,476 crore as against Rs 18,491 crore in FY11.
The bank's stock was trading 1.7% down at Rs 207 on BSE at 1245 hours.
