The state-run bank announced the first quarter results during trading hours today, 27 July 2012.

Meanwhile, the BSE Sensex was up 287.04 points or 1.73% to 16,926.86.

The stock declined on high volumes. On BSE, 8.35 lakh shares were traded in the counter as against average daily volume of 1.11 lakh shares in the past one quarter.

The stock hit a high of Rs 183 and a low of Rs 162.80 so far during the day.

The stock had underperformed the market over the past one month till 26 July 2012, declining 13.63% compared with the Sensex's 1.58% fall. The scrip had also underperformed the market in past one quarter, sliding 18.85% as against Sensex's 2.87% fall.

Union Bank of India's ratio of net non-performing assets (NPA) stood at 2.2% of net advances as on 30 June 2012, higher than 1.7% as on 31 March 2012 and 1.32% as on 30 June 2011. The ratio of gross NPA stood at 3.76% of gross advances as on 30 June 2012, higher than 3.01% as on 31 March 2012 and 2.57% as on 30 June 2011.

Union Bank of India's net profit rose 10.15% to Rs 511.59 crore on 21.5% growth in total income to Rs 6561.10 crore in Q1 June 2012 over Q1 June 2011.

Union Bank of India's provisions and contingencies jumped 21.03% to Rs 518.47 crore in Q1 June 2012 over Q1 June 2011.

Union Bank of India's Capital Adequacy Ratio (CAR) (as per Basel II norms) stood at 11.64% as on 30 June 2012, lower than 11.85% as on 31 March 2012 and 12.88% as on 30 June 2011.

The Government of India (GoI) holds 54.35% stake in Union Bank of India (as per the shareholding pattern as on 30 June 2012).