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United Bank of India Q3 loss widens to Rs 1,139 cr

The Kolkata-based lender had posted a loss of Rs 637.53 crore in the corresponding quarter a year ago.

February 05, 2019 / 21:06 IST
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State-owned United Bank of India on Tuesday reported widening of loss to Rs 1,139.25 crore for the December 2018 quarter, owing to rising bad loans.

The Kolkata-based lender had posted a loss of Rs 637.53 crore in the corresponding quarter a year ago.

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However, the total income of the bank rose to Rs 2,846.23 crore during the quarter, compared with Rs 2,483.01 crore in the year-ago quarter.

Its asset quality worsened with gross non-performing assets (NPAs) rising to 21.27 per cent (Rs 14,737.61 crore) of the gross advances as on December 2018, compared with 20.10 per cent (Rs 13,720.69 crore).