UCO Bank has reported results for first quarter ended June 30, 2022.
The bank has reported a rise of 21.41% in its net profit at Rs 123.61 crore for the quarter under review as compared to Rs 101.81 crore for the same quarter in the previous year. However, total income of the bank decreased by 14.22% at Rs 3796.59 crore for Q1FY23 as compared Rs 4426.21 crore for the corresponding quarter previous year.
The Bank’s gross NPA for the April-June quarter of the current fiscal improved to 7.42%, as compared to 9.37% in the same quarter of the previous year.
