Union Bank of India Q1 net down 30.6 pc to Rs 167 crore

Mumbai, July 20 (UNI) Union Bank of India has posted a net profit of Rs 166.81 crore for the quarter ended June 30, 2006 as compared to Rs 240.39 crore for the quarter ended June 30, 2005, a decline of 30.6 per cent.

Announcing the results, Bank's Chairman&Managing Director M V Nair told reporters here that its total income has increased from Rs 149.14 crore in Q1 FY 05-06 to Rs 183.07 crore for Q1 FY 06-07.

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