Standalone Net Interest Income (NII) for the quarter was Rs 2,463.74 crore and net profit was Rs 44.73 crore.
United Bank of India reported net profit of Rs 44.7 crore in Q1FY14 against Rs 174 crore year on year. The bank would focus more on recoveries going ahead and has restructured accounts worth Rs 4,718 crore, says CMD Archana Bhargava.
ONGC | DLF | Insecticides India | Hathway Cable | Inox Leisure | Jindal Stainless | United Bank | Jaiprakash Power | Denso India | Wockhardt | GE Shipping | Tata Steel | Hindalco and Mahindra & Mahindra are stocks, which are in the news today.
Stocks in news: NTPC | HMT | Coal India | Indian Hotels | Rolta | Cipla | Gammon Infra | Fortis Healthcare | Tata Motors | Kotak Mahindra Bank | HT Media | REIL Electricals | Astral Poly Technik | Bosch | RIL | ONGC and United Bank are stocks, which are in news today.
Angel Broking has come with its March`13 quarterly earning estimates for banking sector. The research firm expects private banks to report healthy earnings growth of 23.0 percent yoy, however, the PSU banks with expected earnings decline of 13.1 percent yoy, would drag the overall earnings performance (de-growth of 3.2 percent yoy).
Angel Broking has come out with its result review on banking sector for 3QFY2013. PSU banks would stand to gain the most from an eventual turn-around include SBI & PNB among the large-caps and United Bank, Corporation Bank and Indian Bank among the mid-caps, says the research firm.
It was a lackluster session for market today We started with a 0.5 percent gap up. It looked for a bit that the Nifty was on its way back to 6000 but the weakness came back in the afternoon.