Union Bank Q3 net at Rs 229.08

Union Bank of India reported a four fold rise in net profit at Rs 229.08 cr for the quarter ended Dec 31, 2005.

Union Bank of India on Tuesday reported a four fold rise in net profit at Rs 229.08 crore for the quarter ended December 31, 2005 as compared to Rs 59.07 crore for the quarter ended December 31, 2004.

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The total income increased 11.64 per cent to Rs 1,652.50 crore for the third quarter this fiscal from Rs 1,480.18 crore in the year-ago period, the bank informed the Bombay Stock Exchange.