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UBI Q1 net profit up 53%

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Press Trust of India Mumbai

Public sector lender United Bank of India today reported a jump of 53.49 per cent in its net profit for the first quarter ended June 30, at Rs 107.86 crore.

It had a net profit of Rs 70.27 crore during the corresponding quarter of the last fiscal, United Bank of India (UBI) said in a filing to the Bombay Stock Exchange.

The bank also reported a 17.02 per cent increase in its total income for the first quarter at Rs 1,557.83 crore, against Rs 1,331.22 crore in the year-ago period, it added.

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First Published: Jul 24 2010 | 6:11 PM IST

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