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UCO Bank reports net loss of Rs 1715.16 crore in Q4

13 May 2016 Evaluate

UCO Bank has reported results for the fourth quarter and year ended March 31, 2016.

The bank has posted a net loss of Rs 1715.16 crore for the quarter ended March 31, 2016 as compared to a net profit of Rs 209.28 crore for the same quarter in the previous year. Total income of the bank has decreased by 9.84% at Rs 4745.48 crore for quarter under review as compared to Rs 5263.36 crore for the quarter ended March 31, 2015.

For the year ended March 31, 2016, the bank has posted a net loss of Rs 2799.25 crore as compared to a net profit of Rs 1137.80 crore for the same period in the previous year. Total income of bank decreased 5.64% at Rs 20157.28 crore for year under review as compared to Rs 21362.54 crore for the period ended March 31, 2015.

 

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