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For the quarter ended December 31, 2018, United Bank of India’s net loss widened to ₹1,139 crore, compared to a net loss of ₹637 crore in the same period last year. Net interest income grew by nearly 9 per cent to ₹380 crore during the period under review. Net interest margin also improved to 2 per cent, compared to 1.51 per cent during the year-ago period . The bank expects to effect a turnaround and report profit in the fourth quarter of the current fiscal. It is also hopeful of coming out of the Prompt Corrective Action (PCA) framework of the Reserve Bank of India by the second quarter of FY20. Our Bureau
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