Live
- ‘Prasanna Vadanam’ Trailer: Suhas Starrer Promises a Unique Rom-Com Thrill Ride
- 1,500 Sikhs join BJP ahead of Lok Sabha polls in Delhi, Punjab
- Jagan Unveils YSRCP manifesto for 2024 elections, here are some highlights
- Chandni Chaudhary Takes on Powerful Cop Role in ‘Yevam’
- YSRCP prioritizes women candidates in upcoming elections in Hindupuram
- 30 Youths from TDP Ward Join YSR Congress Party to Support CM Jagananna's Leadership
- NDA Alliance Candidate Badeti Radhakrishnaiah Campaigns in Eluru Constituency
- YS Sharmila Reddy Promises Development and Welfare in Eluru District
- Bobbili TDP Joint Alliance Candidate 'Babynayana' Receives Blessings from Fans for Resounding Victory
- Udayagiri Youth Organize Bike Rally with Chief Guests Mr. Mekapati Abhinav Reddy and Mr. Mekapati Abhishek Reddy
UCO Bank Q2 net down to Rs 401.67 crore
Public sector mortgage lender UCO Bank on Friday said it closed the second quarter of FY24 with a Rs 102.85 crore lower net profit as compared to previous year corresponding period.
Chennai: Public sector mortgage lender UCO Bank on Friday said it closed the second quarter of FY24 with a Rs 102.85 crore lower net profit as compared to previous year corresponding period.
In a regulatory filing, UCO Bank said for the quarter ended September 30 it had booked a total income of Rs 5,865.61 crore (Q2FY23 Rs 4,964.84 crore) and a net profit of about Rs 401.67 crore (Rs 504.52 crore).
According to UCO Bank, its interest income stood at Rs 5,218.82 crore for the quarter ended September 30 this year as against Rs 4,184.89 crore for the quarter ended September 30, 2022.
The other income stood at Rs 646.78 crore for the year ended September 30, 2023 as against Rs 779.94 crore for the year ended September 30, 2022.
As on September 30 this year, UCO Bank’s gross non performing assets (GNPA) and net NPA stood at Rs 6,939.35 crore (Rs 9,358.92 crore) and Rs 1,801.67 crore (Rs 2,700.29 crore), respectively.
For the period under review, UCO Bank had provided Rs 335.81 crore towards NPA up from Rs 400.27 crore provided during the previous year corresponding period.
The capital adequacy ratio stood at 16.83 per cent as on September 30.
