Friday, 24 January 2014

Uco Bank reports over three fold jump in Q3 net profit

Uco Bank has reported results for third quarter ended December 31, 2013.

The bank has reported over three fold jump in its net profit at Rs 314.53 crore for the quarter as compared to Rs 102.47 crore for the same quarter in the previous year. Total income of the bank has increased by 12.80% at Rs 4919.04 crore for quarter under review as compared to Rs 4360.88 crore for the quarter ended December 31, 2012.

The bank’s gross NPA for the December 31, 2013 quarter of the current fiscal stood at 5.20%, as compared to 5.53% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 3.06% as compared to 3.32% in the same quarter of the previous year.

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