Union Bank Posts A Loss As Asset Quality Worsens In March Quarter

Union Bank of India posted a loss in the fourth quarter as bad loans increased and provisions surged.

Isha Arora

Published On

10 May 2018, 06:43 PM IST

Last Updated On

10 May 2018, 07:40 PM IST

Pedestrians walk past a union bank of india Ltd. bank branch in Mumbai, India. (Photographer: Dhiraj Singh/Bloomberg)

Union Bank of India Ltd. reported a loss for the third straight quarter as asset quality deteriorated and provisions against bad loans surged.

Also Read: Union Bank Expects All Standard Assets Under SDA And S4A To Turn Sour

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