UBI Q2 net up by 30%

The bank attributed it on 59 per cent hike in treasury income (Rs 44.08 crore) as also interest income (Rs 1,505.91 crore). It has pegged to end 2010-11 fiscal with total business of Rs 1,38,000 crore, Chairman & Managing Director Bhaskar Sen told reporters here.

While cost of deposit has come down during the period, CASA grew by more than 24 per cent at Rs 27,412 crore, Sen added.