State-owned United Bank of India on Saturday reported a net loss of Rs211.46 crore during the first quarter ended June, on rise in non-performing assets (NPAs) and higher provisioning.
The bank had registered a net profit of Rs38.32 crore in the June quarter of previous fiscal. Total income of the bank during the reported quarter was marginally up at Rs2,852.61 crore as against Rs2,819.37 crore year ago, the bank said in a regulatory filing.