Union Bank Of India Press Release

I want to get the details of latest press release of Financial Results of Union Bank Of India so can you provide me?

[sumit]

Union Bank of India is one of the largest government-owned banks of India. It was established on 11 November 1919.

UBI Financial Results
Q4 FY15 & FY 2014-15 (May 12, 2015)

Business-

Global Business increased by 9.0% to ` 579627 crore

Savings Deposits grew by 9.9%; Share of High cost deposits declined to 5.8% from 12.6%

Core Fee-

Core fee income increased by 38.2% over Q3
Exchange profit & recovery in written-off accounts also increased by 35.3% & 31.4% respectively in Q4/FY15

Opex-

Opexgrowth in Q4/FY15 contained at 7.0%; non-employee expenses grew by 6.0%

Profitability-

Operating Profit in Q4/FY15 increased by 25.2% (y-o-y)
Net Profit for Q4/FY15 at Rs.443 crore, up by 46.7% over sequential quarter

Efficiency-

Cost-to-Income ratio down by about 200 bps from 51.1% (Dec-14) to 49.4% (Mar-15)
RoAimproved to 0.47% (Q4/FY15) from 0.34% (Q3/FY15)

UBI Financial Results May 12, 2015







For more details here is the attachment