United Bank of India‘s Q1 net profit rises by 31.29%
Date: 04-08-2012
United Bank of India has reported results for first quarter ended June 30, 2012.
On standalone basis, the bank has reported a rise of 31.29% in its net profit at Rs 173.89 crore for the quarter, as compared to Rs 132.45 crore for the same quarter in the previous year. Total income of the bank has increased by 24.45% to Rs 2499.10 crore for the quarter under review as compared to Rs 2008.18 crore for the quarter ended June 30, 2011.
Gross non-performing assets (NPAs) improved to 3.47% in the April-June quarter as against 2.89% in the same quarter previous year while, net NPAs increased to1.77%.
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