UCO Bank has reported results for second quarter ended September 30, 2012.
The bank has registered a fall of 55.06% in its net profit at Rs 103.71 crore as compared to Rs 230.75 crore in the corresponding month previous year. However, total income of the bank has also increased by 18.17% to Rs 4408.55 crore for the quarter under review as compared to Rs 3730.79 crore in the same month last year.
Gross non-performing assets (NPAs) rose to 4.88% in the quarter under review as against 3.64% in the same quarter previous year while net NPAs too rose to 2.94% from 2.11%.
