UBI second quarter net rises 41% to Rs 62 cr

Image
Press Trust of India Kolkata
Last Updated : Nov 07 2015 | 7:13 PM IST
United Bank of India (UBI) today reported a 41.23 per cent rise in net profit for the second quarter of this fiscal at Rs 61.86 crore, compared to Rs 43.80 crore in the corresponding period last year.
Operating profit during the quarter increased 12.9 per cent to Rs 518.22 crore as against Rs 459.06 crore in the previous corresponding period, the city-based bank said in a statement.
Total income increased 3.24 per cent to Rs 2,927 crore while interest income stood at Rs 2,553 crore, an increase of 2.22 per cent during the quarter.
NIM of the bank stood at 2.24 per cent.
Gross NPA stood at Rs 6,112.21 crore, down by 13.60 per cent, it said.
The total business of the bank during the quarter increased by Rs 9,565 crore, registering a moderate growth of 5.61 per cent.
Deposits grew by Rs 6,531 crore, a rise of 6.22 per cent. Advances saw a muted growth of 4.62 per cent to Rs 3,034 crore.
*Subscribe to Business Standard digital and get complimentary access to The New York Times

Smart Quarterly

₹900

3 Months

₹300/Month

SAVE 25%

Smart Essential

₹2,700

1 Year

₹225/Month

SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months

Super Saver

₹3,900

2 Years

₹162/Month

Subscribe

Renews automatically, cancel anytime

Here’s what’s included in our digital subscription plans

Exclusive premium stories online

  • Over 30 premium stories daily, handpicked by our editors

Complimentary Access to The New York Times

  • News, Games, Cooking, Audio, Wirecutter & The Athletic

Business Standard Epaper

  • Digital replica of our daily newspaper — with options to read, save, and share

Curated Newsletters

  • Insights on markets, finance, politics, tech, and more delivered to your inbox

Market Analysis & Investment Insights

  • In-depth market analysis & insights with access to The Smart Investor

Archives

  • Repository of articles and publications dating back to 1997

Ad-free Reading

  • Uninterrupted reading experience with no advertisements

Seamless Access Across All Devices

  • Access Business Standard across devices — mobile, tablet, or PC, via web or app

More From This Section

First Published: Nov 07 2015 | 7:13 PM IST

Next Story