UCO Bank’s net loss narrows to Rs 601 crore in Q1

UCO Bank | Bank - Public | BFSI | BSE: 532505 | NSE: UCOBANK

08 Aug 2019 Evaluate

UCO Bank has reported results for first quarter ended June 30, 2019.

The Bank has reported net loss of Rs 601.45 crore for the quarter under review against net loss of Rs 633.88 crore for the same quarter in the previous year. However, total income of the Bank increased marginally by 1.97% at Rs 4,446.61 crore for Q1FY20 as compared Rs 4360.88 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the April-June quarter of the current fiscal improved to 24.85%, as compared to 25.71% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 8.98% in Q1FY20.

Peers

Company Name	CMP
State Bank Of India	985.80
PNB	117.45
Bank Of Baroda	233.20
Canara Bank	123.20
Union Bank Of India	176.55
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Name of the IA registered with SEBI:	The Alchemists Ark Pvt. Ltd.
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Trade/Brand Name of IA:	MoneyWorks4Me Investment Advisers
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SEBI Registration Number:	INA000013323 Validity – May 16, 2019 – Perpetual
Registration:	Non-Individual
BSE Enlistment No:	1187
Address:	B-101, Signet Corner Building, Balewadi Phata, Baner, Pune, Maharashtra 411045

Compliance Officer Details:	Name: Shrikant Jagtap Email: shrikant.jagtap@moneyworks4me.com	Telephone: +919860359463 Address: Same as IA
Grievance Officer Details:	Name: Mukta Vaze Email: mukta.vaze@moneyworks4me.com	Telephone: +919860919463 Address: Same as IA
Principal Officer Details:	Name: Atharva Bhide Email: atharva.bhide@moneyworks4me.com	Telephone: +919175899463 Address: Same as IA
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