Since the loop is neutral initially, the vertical portion of the wire say PS and QR will have induced EMF due to the accumulation of equal and opposite charges on the opposite ends of the wire (according to the lorentz force equation). Since the magnetic field is uniform, both the vertical parts will have equal EMF induction.
hence,
also,

also,

and

therefore,

Thanks and Regards
Apoorva Arora
IIT Roorkee
askIITians Faculty