Business
Domestic net interest margin (NIM) stood at 2.57% in the December quarter, as against 2.60 per cent in September quarter.
Updated : Mar 19, 2018, 06:07 AM IST
Union Bank of India today reported a 13.33% decline in net profit at Rs 302.42 crore for the October-December quarter.
The bank had a net profit of Rs 348.94 crore in the third quarter of 2013-14 fiscal.
Total income increased to Rs 8,921 crore for the quarter ended December 31, 2014, from Rs 8,230.17 crore in the year ago period, Union Bank said in a filing to the BSE.
Domestic net interest margin (NIM) stood at 2.57% in the December quarter, as against 2.60 per cent in September quarter.
Net interest income rose by 8% to Rs 2,120 crore during the third quarter, from Rs 1,963 crore in the same quarter of previous fiscal.
Shares of Union Bank fell 6.76% to Rs 234.40 on the BSE.