PSU banks announce share-swap ratios ahead of April 1 merger

Following the footsteps of State Bank of India and Bank of Baroda, the boards of 10 public-sector banks on Thursday approved mergers and issued share-swap ratios to create four large banks in the economy. The four anchor banks will...

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United Bank of India posts profit in Q3; asset quality improves YoY

State-owned United Bank of India has reported Rs 114 crore net profit for the December quarter, compared with Rs 1139 crore net loss in the year ago period. It operating profit grew 67% at Rs 637 crore as against Rs 383 crore for the same period. The...

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United Bank of India reports Q2 net profit as bad loans fall substantially

State-owned United Bank of India reported a net profit of Rs 123.88 crore in the second quarter ended September 30, on the back of substantially lower dud loans, leading to lower provisioning requirement. The Kolkata-headquartered bank had posted...

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Five PSU banks have over 70% NPA from industry in FY19

The non-performing assets (NPAs) in the industry sector accounted for over 50 per cent of the total bad debts in 18 of the 20 state-run banks in 2018-19, indicating the massive concentration risk still facing the banking sector. Five state-run banks reported...

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United Bank of India Q1 result, posts profit as NPAs decline

United Bank of India on Tuesday reported a net profit of Rs 105 crore for the June quarter on the back of a rise in core income and fall in non-performing assets. The Kolkata-headquartered lender had registered a net loss of Rs 388.68 crore during the...

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United bank of India posts profit in Q4FY19

After making losses for seven consecutive quarters, city-based United Bank of India (UBI) registered a net profit of ₹95.18 crore in the last quarter of 2018-19, a bank statement said on Monday. The total business of the bank crossed ₹2...

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United Bank of India loss widens in Q3FY19 due to NPA rise

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...

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United Bank of India net loss widens in Q2

United Bank of India Tuesday reported widening of net loss to Rs 883.17 crore in the second quarter of the ongoing financial year due to higher provisioning and contingencies. The state-owned bank reported a loss of Rs 344.83 crore in the September quarter...

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