UCO Bank reports over 2-fold jump in Q2 standalone net profit

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

04 Nov 2022 Evaluate

UCO Bank has reported results for second quarter ended September 30, 2022.

The bank has reported over 2-fold jump in its net profit at Rs 504.52 crore for Q2FY23 as compared to Rs 205.39 crore for the corresponding quarter previous year. Total income of the bank increased by 6.64% to Rs 4,964.84 crore for the quarter under review as compared to Rs 4655.86 crore for the same quarter in the previous year.

The Bank’s gross NPA for the July-September quarter of the current fiscal improved to 6.58%, as compared to 8.98% in the same quarter of the previous year. Besides, Bank’s Net NPA stood at 1.99% in Q2FY23.

Peers

Company Name	CMP
State Bank Of India	996.00
PNB	118.00
Bank Of Baroda	234.10
Canara Bank	123.65
Union Bank Of India	177.25
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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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