MUMBAI (Reuters) - State-run Indian Overseas Bank, which has the highest bad loan ratio among the nation's lenders, reported on Tuesday a first-quarter net loss of 14.51 billion rupees ($217 million) with a further rise in its sour assets.
Bad loans as a percentage of total loans rose to 20.48 percent as of end-June from 17.4 percent three months earlier, the bank said in a filing.
Provisions, including for bad loans, more than tripled from a year earlier to 21.38 billion rupees in the three months to June 30.
UCO Bank, another state-run lender, posted a first-quarter net loss of 4.41 billion rupees. Its gross bad loan ratio widened to 17.19 percent as of end-June from 15.43 percent at end-March.
United Bank of India, also a state-run lender, said its first-quarter net profit fell about 27 percent from a year earlier to 383.2 million rupees. Its gross bad loan ratio was 14.29 percent as of end-June, compared with 13.26 percent in March.
($1 = 66.8652 Indian rupees)
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(Reporting by Devidutta Tripathy; Editing by Subhranshu Sahu)