United Bank of India has reported results for third quarter ended December 31, 2014.
The company has reported a net profit of Rs 41.78 crore for the quarter under review as compared to a net loss of Rs 1238.08 crore for the same quarter in the previous year. However, total income of the bank decreased by 1.75% at Rs 2934.66 crore for Q3FY15 as compared Rs 2986.8 crore for the corresponding quarter previous year.
Gross non-performing assets (NPAs) increased to 12.03% in the October- December quarter as against 10.82% in the same quarter previous year, while net NPAs stood at 8.50%.
