Union Bank of India Q4 net up 58.06 per cent

New Delhi, May 7: Union Bank of India (UBI) today posted a 58.06 per cent jump in net profit of Rs 228.58 crore for the quarter ended March 31, 2007 as compared to Rs 144.61 crore during the corresponding period last year.

Its total income also registered a growth of 33.87 per cent to Rs 2,336.72 crore from Rs 1,745.47 crore during Q4FY06.

The bank recorded an increase of 25.20 per cent in its net profit for the year ended March 31, 2007 at Rs 845.39 crore as against Rs 675.18 crore during the last fiscal.

Total income during the year increased to Rs 8,068.72 crore from Rs 6,358.20 crore during FY06, a rise by 26.90 per cent.

The bank has proposed, inter alia, a final dividend of 20 per cent for the financial year 2006-07, in addition to interim dividend of 15 per cent paid during the year.

UNI