*Union Bank of India*, one of the largest public sector banks reported a phenomenal rise in standalone net profit for the quarter ended December 2008 due to rise in interest income.
During the quarter, the profit of the company rose 84.03% to Rs 6,717.40 million from Rs 3,650.20 million in the same quarter last year. Interest earned for the quarter rose 32.67% to Rs 32,616.90 million, while total income for the quarter rose 30.21% to Rs 36,537.90 million, when compared with the prior year period. The company posted earnings of Rs 13.30 a share during the quarter, registering 83.96% growth over prior year period. *Quarterly Results - Standalone (Rs in mn)* *As at* *Dec - 08* *Dec - 07* *%Change* *Interest Income* 32,616.90 24,585.90 32.67 *Net Profit* 6,717.40 3,650.20 84.03 *Basic EPS* 13.30 7.23 83.96 --~--~---------~--~----~------------~-------~--~----~ You received this message because you are subscribed to the Google Groups "Kences1" group. To post to this group, send email to [email protected] To unsubscribe from this group, send email to [email protected] For more options, visit this group at http://groups.google.com/group/kences1?hl=en -~----------~----~----~----~------~----~------~--~---
