Union Financial institution of India’s third quarter web revenue has jumped 49 per cent
New Delhi:
State-owned lender Union Financial institution of India has registered a 49 per cent leap in web revenue to Rs 1,085 crore for the third quarter of the present monetary 12 months.
The financial institution had earned a web revenue of Rs 727 crore within the corresponding quarter of the earlier monetary 12 months.
Complete revenue in the course of the October-December quarter of 2021-22 fell to Rs 19,453.74 crore from Rs 20,102.84 crore within the corresponding quarter of the earlier fiscal, Union Financial institution of India stated in a regulatory submitting.
On the asset high quality entrance, the financial institution’s gross non-performing belongings (NPAs) fell to 11.62 per cent of the gross advances by the tip of the December 2022 quarter, in contrast with 13.49 per cent by the tip of December 2020.
Nonetheless, web NPAs elevated to 4.09 per cent, up from 3.27 per cent on the finish of December 2020.