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UCO Bank reports net loss of Rs 440.56 crore in Q1

10 Aug 2016 Evaluate

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.

Peers
Company Name CMP
State Bank Of India 941.00
PNB 116.00
Bank Of Baroda 235.00
Canara Bank 118.10
Union Bank Of India 171.45
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