Union Bank of India Ltd reported nearly 8.5% increase in its net profit to Rs579.57 crore for the quarter ended 31 December 2010.
The Bank recorded a profit of Rs534.13 crore in the same period last year.
The Bank's total income rose 24.87% to Rs4,693.06 crore in the third quarter of this fiscal from Rs3,758.32 crore in the corresponding period last year, Union Bank said in a filing to the Bombay Stock Exchange (BSE).
The net profit for the first nine months stood at Rs1,484.38 crore, compared to Rs1,481.42 crore in the year-ago period.
Its total income in April-December 2010-11 was Rs13,275.59 crore against Rs11,223.22 crore for the same period in the last fiscal.
On Monday, Union Bank ended 3.33% up at Rs337.75 on the Bombay Stock Exchange, while the benchmark Sensex gained 0.76% to 19,151.28 points.
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