United Bank of India reports net loss of Rs 1,139 crore in Q3

United Bank of India - (Amalgamated) | Bank - Public | BFSI | BSE: 533171 | NSE: UNITEDBNK

06 Feb 2019 Evaluate

United Bank of India has reported results for third quarter ended December 31, 2018.

The Bank has reported a net loss of Rs 1,139.25 crore for the quarter under review as compared to net loss of Rs 637.53 crore for the same quarter in the previous year. Total income of the Bank decreased by 1.48% at Rs 2446.23 crore for Q3FY19 as compared Rs 2483.01 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal increased to 21.27%, as compared to 20.10% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 12.08% in Q3FY19.

Peers

Company Name	CMP
State Bank Of India	978.50
PNB	117.05
Bank Of Baroda	234.55
Canara Bank	125.90
Union Bank Of India	179.25
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