United Bank of India (UBI) posted a net profit of Rs 83.83 crore for the quarter ended September 2009, as against a loss of Rs 188 crore for the same period of the last financial year.
The profit was driven by almost 153 per cent growth in non-interest income, year-on-year, which stood at Rs 123.4 crore.
The treasury income of the bank was Rs 28 crore as against a loss of Rs 20 crore in the year-ago period. The net interest margin of the bank at the end of the second quarter was 1.82 per cent as against 1.65 per cent in the first quarter of 2009.
Net non-performing assets (NPA) for the quarter were at 1.3 per cent, as against 2.06 per cent in the same period last year.
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