Union Bank of India posts loss of Rs 1,531 crore in Q2

State-owned Union Bank of India on Friday reported a loss of Rs 1,530.72 crore for the quarter ended September 30, on account of rising bad loans.

The bank had posted a profit of Rs 176.67 crore in the July-September period of previous fiscal.Total income of the bank rose to Rs. 9,439.73 crore during the quarter under review, from Rs 9,347.58 crore over the same period of 2016-17.