Union Bank of India has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The bank has reported over 93.27% rise in its net profit at Rs 2,782.31 crore for the quarter under review as compared to Rs 1,439.60 crore for the same quarter in the previous year. Total income of the bank increased by 33.58% at Rs 27,273.77 crore for Q4FY23 as compared to Rs 20,417.44 crore for the corresponding quarter previous year.
On consolidated basis, the bank has reported 80.58% rise in its net profit at Rs 2811.78 crore for fourth quarter ended March 31, 2023 as compared to Rs 1557.09 crore for the same quarter in the previous year. Total income of the bank increased by 43.45% at Rs 27,763.51 crore for Q4FY23 as compared to Rs 19,353.85 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the bank has reported 61.18% rise in its net profit at Rs 8,433.27 crore as compared to Rs 5,232.10 crore for the previous year. Total income of the bank increased by 18.53% at Rs 95,376.49 crore for year under review as compared to Rs 80,468.77 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the bank has reported 61.66% rise in its net profit at Rs 8,511.67 crore as compared to Rs 5,265.32 crore for the previous year. Total income of the bank increased by 18.74% at Rs 97,078.53 crore for year under review as compared to Rs 81,754.07 crore for year ended March 31, 2022.