Non-performing assets hit UBIs Q4, net up only 4%

Kolkata-based public sector lender United Bank of India on Saturday reported a muted growth of just 4% year-on-year in its fourth quarter (Jan-March) net profit at Rs 149 crore; due to two-pronged reasons: rise in provisions and fall in other income growth.
  • Language
  • App
  • Subscriptions
  • Specials
  • Sign-In
  • Register
GeStepAhead GrowMyMoney SME Special
moneycontrol.com

Home » News » Earnings » Results

May 05, 2012, 04.14 PM | Source: Moneycontrol.com

Non-performing assets hit UBI's Q4, net up only 4%

Kolkata-based public sector lender United Bank of India on Saturday reported a muted growth of just 4% year-on-year in its fourth quarter (Jan-March) net profit at Rs 149 crore; due to two-pronged reasons: rise in provisions and fall in other income growth.

Like this story, share it with millions of investors on M3

Non-performing assets hit UBIs Q4, net up only 4%

Kolkata-based public sector lender United Bank of India on Saturday reported a muted growth of just 4% year-on-year in its fourth quarter (Jan-March) net profit at Rs 149 crore; due to two-pronged reasons: rise in provisions and fall in other income growth.

Post Your Comments

Share Cancel

Moneycontrol Bureau

Kolkata-based public sector lender United Bank of India (UBI) on Saturday reported a muted growth of just 4% year-on-year in its fourth quarter (Jan-March) net profit at Rs 149 crore; due to higher provisions followed by rise in non-performing assets.

During the quarter, provisions rose more than 9% y-o-y to Rs 307 crore while other income too fell 22% to around Rs 7 crore.

The gross non-performing asset ratio shot up from 2.51% to 3.41% at Rs 2,176 crore quarter-on-quarter while net NPA ratio increased from 1.42% to 1.72% at Rs 1,075 crore during the same period.

However, net profit rose 21% y-o-y to Rs 633 crore for the year ended March 31, 2012. Bank’s loan book expanded 18% y-o-y to Rs 63,043 crore. Deposits grew 14% to Rs 89,116 crore.

Bank's capital adequacy ratio stood at 12.69% vs 13.05% (YoY). During the year, it has allotted 1.65 lakh crore shares of Rs 10 each at a price of Rs 79.74 per share to the Life Insurance Corporation of India.

saikat.das@network18online.com


 

Ads by Google

Buy, Hold, Sell ? Hear it first on M3
Non-performing assets hit UBIs Q4, net up only 4%

See all

Get started using your favorite social network

or

Login using moneycontrol ID

Username
Password

Need help logging in? Reset password.

Don´t have an account? Sign Up

Get started using your favorite social network

or

Simply sign up using this short form

* mandatory

UserName*

Username should be atleast 4 character

Password*

Password should be 8 or more characters,
atleast 1 number, 1 symbol & 1 upper case letter

Alert

Your Password should contain
  • 8 or more characters
  • At least 1 number
  • At least 1 symbol
  • At least 1 upper case letter
Confirm Password*
Email
Already have an account? Login