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UCO Bank reports above 6-fold jump in Q2 net profit

28 Oct 2021 Evaluate

UCO Bank has reported results for second quarter ended September 30, 2021.

The bank has reported above 6-fold jump in its net profit at Rs 205.39 crore for the quarter under review as compared to net profit of Rs 30.12 crore for the same quarter in the previous year. Total income of the bank increased by 7.60% at Rs 4655.86 crore for Q2FY22 as compared Rs 4327.13 crore for the corresponding quarter previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 8.98%, as compared to 11.62% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 3.37% in Q2FY21.

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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