#1
12th May 2016, 04:15 PM
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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?
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#2
12th May 2016, 05:20 PM
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Re: Union Bank Of India Press Release
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 |
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