Public sector, UCO Bank has registered 11.92% growth in its net profit to Rs 252.84 crore during the quarter ended March 31, 2012, from Rs 225.90 crore in the same period last year. The total income of the Kolkata-headquartered bank during the fourth quarter under review has increased by 25.47% to Rs 4216.63 crore from Rs 3360.55 crore during the same quarter previous fiscal.
The bank has posted a net profit of Rs 1108.67 crore for the year ended March 31, 2012 as compared to Rs 906.54 crore for the year ended March 31, 2011, up by 22.30%. Its total income has clocked a growth of 26.85% from Rs 12296.21 crore in previous fiscal to Rs 15597.92 crore for the year under review. For the full (fiscal) year the bank's credit growth was at 16.85%, while deposit growth was at 6.06%.
As per the management, higher provisioning for non-performing assets of Rs 379 crore during the fourth quarter, as against Rs 94 crore during same period last year, impacted bank’s net profit to some extent.
The bank’s board of directors at its meeting held on May 05, 2012, inter alia, has recommended dividend of Rs 3 per share on the face value of Rs 10 each for the year 2011-12 subject to approval of shareholders.
Company Name | CMP |
---|---|
SBI | 909.80 |
Canara Bank | 128.70 |
Bank Of Baroda | 296.20 |
PNB | 137.00 |
Union Bank Of India | 170.00 |
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