 "United Bank of India, UBI, United, United Bank")
State-owned United Bank of India reported a net profit of Rs 123.88 crore in the quarter ended September 30, on the back of substantially lower dud loans, leading to lower provisioning requirement.
The Kolkata-headquartered bank had posted a net loss of Rs 883.17 crore in the July-September period of 2018-19. The lender's total income rose to Rs 3,013.74 crore in the September 2019 quarter, compared with Rs 2,600.47 crore earned in the corresponding period of the previous financial year, the bank said in a regulatory filing on Wednesday.
In the quarter under review, the lender reported slippages of around Rs 1,000 crore,
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