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UCO Bank turns black in Q3

25 Jan 2021 Evaluate

UCO Bank has reported results for third quarter ended December 31, 2020.

The bank has reported a net profit of Rs 35.44 crore for the quarter under review as against net loss of Rs 960.17 crore for the same quarter in the previous year. Total income of the bank marginally increased by 1.05% at Rs 4466.97 crore for Q3FY21 as compared Rs 4514.21 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the October-December quarter of the current fiscal improved to 9.80%, as compared to 19.45% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 2.97% in Q3FY21.

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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