United Bank of India’s net loss widens to Rs 883 crore in Q2
The Bank has reported net loss of Rs 883.17 crore for the quarter under review as compared to net loss of Rs 344.83 crore for the same quarter in the previous year. However, total income of the Bank increased marginally by 0.60% at Rs 2,600.47 crore for Q2FY19 as compared Rs 2,584.89 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the July-September quarter of the current fiscal increased to 22.69%, as compared to 18.80% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 14.36% in Q2FY19.
Bhupendra Singh Chundawat is a seasoned technology journalist with over 22 years of experience in the media industry. He specializes in covering the global technology landscape, with a deep focus on manufacturing trends and the geopolitical impact on tech companies. Currently serving as the Editor at Udaipur Kiran, his insights are shaped by decades of hands-on reporting and editorial leadership in the fast-evolving world of technology.
