Union Bank of India surged 7% to Rs 204 on the BSE after the company posted 19% rise in the net profit at Rs 664 crore for the quarter ended June 30, 2014 as against Rs 560 crore for the same period last year.
Meanwhile, net interest income of the company rose 11% to Rs 2117 crore in April- June 2014 as compared to Rs 1910 crore for the same period previous year.
Gross NPAs stood at 4.2% on June 30, 2014 as compared to 4% as on March 30, 2014. However, the gross NPA for June 30, 2013 stood at 3.5%.
Shares of Union Bank of India opened at Rs 190, touched a high of Rs 205 and a low of Rs 186 on the BSE. A total of 1,357,059 shares have been exchanged on the BSE so far.
