United Bank of India reported a rise of more than 22% (YoY) in profits for the first quarter of FY12. The net profit of the bank increased to Rs 132 crore as against Rs 108 crore in the corresponding quarter of FY11.
Net interest income rose to Rs 569 crore from Rs 509 crore year-on-year (YoY), a jump of 12%.
Bhaskar Sen, the chairman and managing director of United Bank of India talks about his banks first quarter results on CNBC-TV18. He also elaborates on the banks future plans and where he sees it headed in the coming year. Below is a verbatim transcript of his interview with CNBC-TV18
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