Connect with us

Business

Union Bank net profit up by 5 percent in 2014-15

Published

10 years ago

on

Mumbai: State-owned bank Union Bank of India on Tuesday said its net profit in 2014-2015 rose by five percent at Rs.1,782 crore from Rs.1,696 crore in 2013-14.

The bank’s net interest income during the review period rose by 7.2 percent at Rs.8,444 crore against Rs.7,879 crore in 2013-14 while the non-interest income went up by 24.8 percent at Rs. 3,523 crore.

Its gross non-performing assets decreased by 4.96 percent from 4.1 percent during 2013-14.

In a filing with the National Stock Exchange, the bank said its amount of fiscal quarterly slippages have been declining during July 2014 to March 2015. During July-September quarter of last year, it stood at Rs.1,968 crore which went down to Rs.1,738 crore during the next quarter (October-December) and headed further south at Rs.1,547 crore during January-March this year.

“Collection efforts led to cash recovery and upgradation increasing to Rs.867 crore in January-March 2015, which is 125 percent higher than the amount during October-December 2014”, the bank said in the statement.

During 2014-15, the bank’s cash recovery stood at Rs.1,537 crore which is almost 100 percent higher than the figure in 2013-14.

In the timeframe under review, the bank’s global business grew by nine percent at Rs.579,627 crore against Rs.532,007 crore as on March 31, 2014.

In 2014-15, the bank’s global deposits also increased by 6.5 percent at Rs.316,870 crore against Rs.297,675 crore during 2013-14, while the domestic ones increased by an almost similar figure at Rs.312,230 crore against Rs.292,812 crore in 2013-14.

Overseas business during 2014-15 fiscal accounted for Rs.26,074 crore – up by 16.2 percent compared to Rs.22,445 crore in 2013-14.

Related Topics:
Continue Reading

Business

Apple is giving a huge discount on its gadgets: Details inside

Published

3 years ago

on

May 5, 2022

By

If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

Continue Reading

Trending