Union Bank of India reported a 68% Y-o-Y slip in its fiscal first quarter net profit. Net profit went down to Rs 166.32 crore in the quarter ended 30 June from Rs. 518.78 crore a year ago because of higher provisions. As per Bloomberg poll of 19 analysts, the bank was expected to post a net profit of Rs. 223.90 crore for the quarter ended June. Net interest income, or the chief income a bank earns by giving loans, slipped marginally to Rs. 2,102.25 crore as compared Rs. 2,130.17