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Union Bank Q3 profit slides 20% to Rs 534 cr

Public sector lender Union Bank of India (UBI) today said its net profit declined by 20.48 per cent to Rs 534.13 crore for the third quarter ended December over the same period in the previous fiscal. - Dabur Q3 net jumps 28% to Rs 138 cr - SAIL clocks Rs 1,675 cr profit in Q3 - KEC Intl Q3 net surges 85% to Rs 46 cr - Indiabulls Fin Services Q3 net drops 6% to Rs 64 cr - TTML Q3 net loss widens to Rs 103 cr - Power Grid Q3 net rises 31% to Rs 488 cr Total income rose to Rs 3,758.32 crore during the quarter under review against Rs 3,653.79 crore in the same quarter last fiscal, the bank said in a filing to the Bombay Stock Exchange. The bank earned an interest of Rs 3,293.55 crore during the quarter against Rs 3,258.40 crore for the same period last fiscal. For the nine months ended December, the bank posted a net profit of Rs 1,481.42 crore against Rs 1,261.49 crore in the same period previous fiscal. Shares of UBI were trading at Rs 261.25 on BSE, down 1.82 per cent from its previous close.

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