United Bank reports net loss of Rs 489.47 crore in Q2

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

11 Nov 2013 Evaluate

United Bank has reported results for the second quarter ended September 30, 2013.

The bank has reported a net loss of Rs 489.47 crore for the quarter as compared to a net profit of Rs 144.63 crore for the same quarter in the previous year. However, total income of the bank has increased by 13.60% at Rs 2876.77 crore for quarter under review as compared to Rs 2532.39 crore for the quarter ended September 30, 2012.

Gross non-performing assets (NPAs) increased to 7.52% in the July-September quarter as against 3.88% in the same quarter previous year, Meanwhile, net NPAs has increased to 5.39%.

Peers

Company Name	CMP
State Bank Of India	982.50
PNB	116.70
Bank Of Baroda	235.25
Canara Bank	124.95
Union Bank Of India	180.00
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