Breaking News

You are here » Indian-Commodity  :  Corporate  :  United Bank of India reports net loss of Rs 388.68 crore in Q1

10-Aug2018

United Bank of India reports net loss of Rs 388.68 crore in Q1

United Bank of India has reported results for first quarter ended June 30, 2018.

The Bank has reported a net loss of Rs 388.68 crore for the quarter under review as compared to net loss of Rs 211.46 crore for the same quarter in the previous year. Total income of the Bank decreased by 10.62% at Rs 2,549.71 crore for Q1FY19 as compared Rs 2,852.61 crore for the corresponding quarter previous year.

The Bank's gross NPA for the April-June quarter of the current fiscal increased to 22.73%, as compared to 17.17% in the same quarter of the previous year. Besides, Bank's Net NPA stood at 15.17% in Q1FY19.


Related News

View all news

Wipro launches Automotive Innovation Center in Detroit

Wipro has launched an Automotive Innovation Center in Detroit, Michigan. This state-of-the-art technology hub will deepen Wipro's relationship with Detroit's automotive community, develop and showcase......

Zydus Wellness gets CCI's approval for acquisition of Heinz

Zydus Wellness (ZWL) has received approval from the Competition Commission of India (CCI) for the company's acquisition of Heinz India jointly with Cadila Healthcare. The definitive agreement in relation......

PTron launches wireless stereo earbuds 'Spunk'

PTron, brand owned by Palred Online Technologies which is a subsidiary of Palred Technologies, has introduced 'Spunk', a premium earbud which is Value For Money with high-end features. Spunk is the culmination......

Top News

View all news

Wipro, Palred Technologies and Zydus Wellness to see some action today

Wipro has launched an Automotive Innovation Center in Detroit, Michigan. This state-of-the-art technology hub will deepen Wipro's relationship with Detroit's automotive community, develop and showcase......

Wipro launches Automotive Innovation Center in Detroit

Wipro has launched an Automotive Innovation Center in Detroit, Michigan. This state-of-the-art technology hub will deepen Wipro's relationship with Detroit's automotive community, develop and showcase......

Zydus Wellness gets CCI's approval for acquisition of Heinz

Zydus Wellness (ZWL) has received approval from the Competition Commission of India (CCI) for the company's acquisition of Heinz India jointly with Cadila Healthcare. The definitive agreement in relation......