United Bank of India, a state-owned
lender, dropped on Wednesday after it has reported a plunge of
81.33% in net profit of Rs 422 million for the quarter ended Dec.
31, 2012 due to higher provisioning.
The bank made provisions and contingencies of Rs 4.5 billion for December quarter which was 2.26 times higher compared last year quarter.
Total income has gone up 17.4% to Rs 25.99 billion for the
quarter ended Dec 31, 2012. 
Shares ofthe companyare trading at Rs
67.35, down Rs 3.35, or 4.74% at the Bombay Stock Exchange (BSE) on
Wednesday at 11:25 a.m.The scrip has touched an intra-day high of
Rs 69 and low of Rs 62.20. The total volume of shares traded at the
BSE is 113,438.In the earlier session, the shares declined 3.48%,
or Rs 2.55, at Rs 70.70. Currently, the stock is trading down
22.72% from its 52-week high of Rs 87.15 and above 35.38% over the
52-week low of Rs 49.75.
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