Union Bank Q4 net up 28 per cent

During the quarter under review, its total income has risen from Rs 3,848.73 crore for the quarter ended March 31, 2009 to Rs 4,054.20 crore for the quarter ended March 31, 2010.
The bank has posted a net profit of Rs 2,074.92 crore for the full year ended March 31, 2010 as compared to Rs 1,726.55 crore for the year ended March 31, 2009, while Total Income rose to Rs 15,277.42 crore versus Rs 13,371.93 crore for the year 2008-09.  The Bank’s board at the meeting held this day proposed a dividend of Rs 5.50 per share or 55 per cent on the face value of Rs 10 each for the year 2009-10.