Union Bank Q3 net at Rs 153.2 cr; other income up, NPA provisions decline

Public sector lender Union Bank of India posted a net profit of Rs 153.21 crore for third quarter ended December 2018 (Q3Fy19) on growth in other income and dip in provisions for bad loans.

It had posted a net loss of Rs 124.98 crore in October-December 2017 (Q3Fy18). Sequentially, it had posted a net profit of Rs 139 crore in second quarter ended September 2018 (Q2Fy19).

Union Bank stock was trading at per cent 4.28 per cent lower at Rs 88 per share on BSE.

Its Net Interest Income (NII), revenues minus expenses on interest, for Q3 FY 19 declined