Stock of United Bank of India closed 0.66% up at Rs15.25 on BSE. During same period of previous fiscal, the bank had registered a net profit of Rs64.10 crore. Among others, the board of directors of the bank approved the United Bank of India-Employee Stock Purchase Scheme 2018 (UBI-ESPS 2018). The Kolkata-headquartered United Bank of India said it has provided Rs167.44 crore for bad loans under insolvency process during this quarter against seven accounts. Stock of United Bank of India closed 0.66% up at Rs15.25 on BSE.

Source: Mint February 12, 2018 12:00 UTC