United Bank of India has reported results for the fourth quarter and year ended March 31, 2019.
The Bank has reported a net profit of Rs 95.18 crore for the quarter ended March 31, 2019, against net loss of Rs 260.62 crore for the same quarter in the previous year. Total income of the Bank increased by 11.85% at Rs 2,948.05 crore for the quarter under review as compared Rs 2,635.69 crore for the quarter ended March 31, 2018.
For the year ended March 31, 2019, the Bank has posted a net loss of Rs 2,315.92 crore against net loss of Rs 1,454.44 crore for the same period in the previous year. However, total income of Bank increased marginally by 3.68% at Rs 10,944.46 crore for year under review as compared to Rs 10,556.20 crore for the period ended March 31, 2018.
