Union Bank of India |
The stack had a standalone get profit of Rs 593.5 crore in the year-ago episode.
Besides, calculate takings of the stack increased to Rs 5,215.81 crore in the January-March quarter from Rs 4,054.2 crore in the same episode carry on time, the lender thought in a filing to Bombay Stock Exchange.
Its Net Interest Margin (NIM) in the quarter under periodical was by the side of 3.44 apiece cent, up 3.39 apiece cent year-on-year.
For the fiscal 2010-11, Union Bank's consolidated get profit declined somewhat by 0.28 apiece cent to Rs 2,069.03 crore as compared to Rs 2,074.92 crore in the corresponding episode of the prior time.
Besides, the consolidated calculate takings of the stack rose to 18,500.66 crore on an twelve-monthly basis as contrary to Rs 15,277.42 crore in the prior time, it thought.
However, the provision coverage ratio of the stack stood by the side of 67.58 apiece cent as on protest 31, 2011.
The Board of Directors of the stack has recommended a dividend of Rs 8 apiece share (80 apiece cent) in place of the economic time 2010-11, it added.
The bank's shares were trading by the side of Rs 312.60 by the side of last-minute afternoon trade, up 7.57 apiece cent from the prior close on the BSE.