Union Bank of India, a public sector bank in India, today reported a fall of 21.88% in first quarter profit. The bank has reported a profit of Rs 5.18 billion for the quarter ended Jun. 30, 2015, compared with Rs 6.64 billion, a year ago. 
 
Quarterly income totalled at Rs 90.43 billion, an increase of 5.79% over Rs 85.48 billion in the same period a year ago.
 
The bank has made provision of Rs 6.42 billion, which was higher by 63.78% from prior year period to Rs 3.92 billion.
 
Net NPA was at 76.34 billion for the quarter ended Jun. 30, 2015, as compared to Rs 57.64 billion in the same period last year, representing an increase of 32.44%. In percentage term, net NPAs were at 3.08% at the end of the quarter higher than 2.46% from last year period.
 
Capital adequacy ratio (CAR) of the bank under Basel III was at 10.14% as on Jun. 30, 2015.

Shares of the bank gained Rs 5.1, or 3.31%, to trade at Rs 159.25. The total volume of shares traded was 1,266,934 at the BSE (12.47 p.m., Tuesday).