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    • United Overseas Bank profit up 0.3 %, says risks manageable

      The bank said risks are largely manageable and the underlying economic fundamentals are strong enough to withstand shocks as the region enters a period of slower growth.

    • Indiabulls HFC net up 26% to Rs 602 cr on higher disbursements

      "Growth in profit was on the back of 29 percent increase in loan book. Also, our borrowing from banks reduced to 49 percent in the period from 64 percent last year which has helped in reducing cost of funds," the company's vice chairman and managing director Gagan Banga said in a conference call.

    • RBI base rate norms may help monetary policy: ICRA

      According to RBI data for 2014, about 41 percent of term deposits have less than one year residual maturity, while the proportion of base rate linked advances could be as high as 80 percent of total advances.

    • Do not expect restructuring in next quarter: OBC

      The bank incurred one-time loss of Rs 280.40 crore in the quarter as it sold Rs 395.33 crore of loans to asset reconstruction companies (ARCs).

    • United Bank of India Q4 net down 77% at Rs 104 cr

      The bank's net profit was Rs 469.36 crore during the January-March period of 2013-14. Total income during the last quarter of 2014-15 increased by 2.58 percent to Rs 3,153.12 crore.

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