United Bank of India books loss of Rs 489 crore in Q2

United Bank of India on Saturday reported a loss of Rs 489.47 crore for the July-September quarter of 2013-14 fiscal on account of rise in non-performing assets.

The Kolkata-based state-owned lender had earned a net profit of Rs 144.63 crore for the same period of 2012-13.

However, the total income increased to Rs 2,876.77 crore, from Rs 2,532.39 crore in the year-ago period.