UCO Bank reports over 2-fold jump in Q2 standalone net profit

04 Nov 2022 Evaluate

UCO Bank has reported results for second quarter ended September 30, 2022.

The bank has reported over 2-fold jump in its net profit at Rs 504.52 crore for Q2FY23 as compared to Rs 205.39 crore for the corresponding quarter previous year. Total income of the bank increased by 6.64% to Rs 4,964.84 crore for the quarter under review as compared to Rs 4655.86 crore for the same quarter in the previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 6.58%, as compared to 8.98% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 1.99% in Q2FY23.



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