Union Bank net up by 2.07 percent in Q4 of FY13

union-bank-of-indiaNew Delhi, May 9 : Public sector Union Bank posted a 2.07 percent rise in net profit to Rs. 789 crore for the last quarter (January-March) of the 2012-13 financial year from Rs. 773 crore clocked during the corresponding period in 2011-12.

The net interest margin (NIM) for the fourth quarter of 2012-13 was at 2.89 percent compared to 3.16 percent during the fourth quarter of 2011-12.

For the whole fiscal (2012-13), the bank's net profit went up by 20.76 percent to Rs. 2,158 crore from Rs. 1,787 crore in 2011-12.