union bank of india

Lender's net profit more than doubles year-on-year in June quarter to 32.36 bln rupees

** Interest earned rises 29% to 234.78 bln rupees, while provisions fall 39% to 20.05 bln rupees

** Asset quality improves sequentially with gross non-performing assets (NPA) at 7.34% compared with 7.53% in the previous quarter

** Q1 performance robust, driven by higher treasury gains and lower provisions