KOLKATA: After making losses for seven consecutive quarters, city-based United Bank of India (UBI) registered a net profit of ₹95.18 crore in the last quarter of 2018-19, a bank statement said on Monday.
The total business of the bank crossed ₹2 lakh crore at the end of March 2019.
Operating profit of the bank was ₹540 crore in the last quarter as against ₹383 crore in the corresponding period last fiscal, the statement said.
Net interest margin (NIM) of the bank stood at 2.43%.
The bank's net interest income increased to ₹1975 crore in the full fiscal as against ₹1493 in the previous financial year.
Stressed assets position of the bank improved with GNPA and NNPA at 16.48% and 8.67% respectively as on 31 March, 2019, the statement added.
This story has been published from a wire agency feed without modifications to the text.