UCO bank, a public sector lender is targeting 20-22% growth in its deposits and advances for the financial year 2014-15. The bank's advances were at Rs 141,457 crore at the end of December, 2013, up 16.5% from a year earlier. Total deposits were up by 13.4% from a year ago at Rs 192,406 crore at the end of December, 2013.
The bank halved its loan loss provisions from a year earlier to Rs 204 crore in October-December quarter as asset quality improved. Gross non-performing asset (NPA) ratio declined by 33 basis points from a year ago to 5.20%, while net bad loan ratio fell by 26 basis points on a year-on-year basis to 3.06% at the end of the quarter.
Uco 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.
| Company Name | CMP |
|---|---|
| SBI | 1080.35 |
| PNB | 114.50 |
| Canara Bank | 142.35 |
| Bank Of Baroda | 280.00 |
| Union Bank Of India | 188.90 |
| View more.. | |
MoneyWorks4Me is a SEBI-registered Investment Adviser (IA) dedicated to helping investors build long-term wealth through transparent, research-driven, conflict-free guidance. Founded in 2008, we started our journey as a Research Analyst (RA), providing deep fundamental analysis, intrinsic value insights, and long-term investing frameworks for Indian equities. In 2017, we transitioned to a full-fledged SEBI-registered Investment Adviser, strengthening our commitment to acting as a fiduciary—always putting the investor’s interest first.
To become India’s most trusted, research-powered fiduciary advisory platform—where every investor, regardless of experience, can make calm, confident, and well-reasoned investment decisions.
MoneyWorks4Me ensures this through: