UCO Bank has reported results for the fourth quarter and year ended March 31, 2017.
The Bank has posted a net loss of Rs 588.19 crore for the quarter ended March 31, 2017, as compared to a net loss of Rs 1715.15 crore for the same quarter in the previous year. Total income of the Bank decreased by 17.67% at Rs 3906.74 crore for quarter under review as compared to Rs 4745.48 crore for the quarter ended March 31, 2016.
For the year ended March 31, 2017, the Bank has posted a net loss of Rs 1850.67 crore as compared to a net loss of Rs 2799.25 crore for the same period in the previous year. Total income of Bank decreased by 8.52% at Rs 18440.29 crore for year under review as compared to Rs 20157.28 crore for the period ended March 31, 2016.