United Bank of India (UBI) today reported 19.5 percent rise in net profit at Rs 318.95 crore in the last financial year ending in 31 March, 2008 against Rs 267.28 crore reported a year ago.
PK Gupta, CMD of UBI admitted that the bank had taken a hit of Rs 82 crore under AS-15 norms apart from the other provisioning norms.In the period between January-March 2008 the net profit of the bank stood at Rs 11.7 crore.
PK Gupta, CMD of UBI admitted that the bank had taken a hit of Rs 82 crore under AS-15 norms apart from the other provisioning norms.In the period between January-March 2008 the net profit of the bank stood at Rs 11.7 crore.
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