UCO Bank has reported results for first quarter ended June 30, 2016.
The bank has reported a net loss of Rs 440.56 crore for the quarter ended June 30, 2016 as compared to a net profit of Rs 256.70 crore for the same quarter in the previous year. Total income of the bank decreased by 8.53% to Rs 4727.93 crore for the quarter under review, from Rs 5169.09 crore for the corresponding quarter of the previous year.
The bank’s gross NPA for the April-June quarter of the current fiscal increased to 17.19%, as compared to 7.30% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 10.04% in Q1FY17.