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UCO Bank reports 69% fall in Q3 net profit

05 Feb 2013 Evaluate

UCO Bank has reported results for third quarter ended December 31, 2012.

The bank has reported 69.19% fall in its net profit at Rs 102.47 crore for the quarter as compared to Rs 332.55 crore for the same quarter in the previous year. However, total income of the bank has increased by 9.74% at Rs 4360.88 crore for quarter under review as compared to Rs 3973.62 crore for the quarter ended December 31, 2011.

The bank’s gross NPA for the December 31, 2012 quarter of the current fiscal stood at 5.53%, higher as compared to 3.49% in the same quarter of the previous year. Bank’s Net NPA remained higher at 3.32% in the quarter under review as against 2.04% in Q3FY12.

Peers
Company Name CMP
State Bank Of India 940.45
PNB 115.20
Bank Of Baroda 234.75
Canara Bank 118.10
Union Bank Of India 170.15
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