United Bank of India has reported results for fourth quarter and year ended March 31, 2014.
The bank has reported over 15- fold jump in its net profit at Rs 469.37 crore for the quarter ended March 31, 2014 as compared to Rs 31.18 crore for the same quarter in the previous year. Total income of the bank has increased by 14.39% at Rs 3073.78 crore for quarter under review as compared to Rs 2687.18 crore for the quarter ended March 31, 2013.
For the full year ended March 31, 2014, the bank has posted a net loss of Rs 1213.45 crore against net profit of Rs 391.90 crore for the year ended March 31, 2013. However, total income has surged by 14.42% to Rs 11806.16 crore for the year ended March 31, 2014 from Rs 10318.06 crore for the previous year.
