From correspondents in Maharashtra, India, 05:19 PM IST

Union Bank of India has announced a net profit of $57 million (Rs.2.28 billion) during the first quarter this fiscal, compared to $56.25 million (Rs.2.25 billion) in the corresponding period of the previous year, recording a growth of 1.33 percent.

For the latest quarter ending June 30, revenues increased to $688.75 million (Rs.27.55 billion) from $572.25million (Rs.22.89 billion) in the corresponding quarter last year.

(Staff Writer, © IANS)