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UCO Bank reports 12.42% rise in Q1 net profit

27 Jul 2011 Evaluate

UCO Bank has reported results for the first quarter ended June 30, 2011.

The bank’s net profit has registered growth of 12.42% at Rs 292.53 crore for the quarter as compared to Rs 260.21 crore for the corresponding quarter of the previous year. Its total income has increased by 28.44% to Rs 3676.80 crore for the quarter under review from Rs 2862.73 crore for the Q1Y11.

The bank’s capital adequacy ratio for Basel-I jumped to 12.59% from 11.91% for Q1FY11 while, capital adequacy ratio for Basel-II declined to 13.51% in the quarter under review as compared to 13.61% in the same quarter previous year.

UCO Bank Share Price

27.05 0.40 (1.50%)
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