UCO Bank has reported results for first quarter ended June 30, 2015.
The bank has reported 50.77% fall in its net profit at Rs 256.7 crore for the quarter as compared to Rs 521.4 crore for the same quarter in the previous year. Total income of the bank has decreased by 4.19% at Rs 5169.09 crore for quarter under review as compared to Rs 5395.17 crore for the quarter ended June 30, 2014.
The bank’s gross NPA for the April-June quarter of the current fiscal increased to 7.30%, as compared to 4.31% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 4.53% in Q1FY16.
