UCO Bank has reported results for third quarter ended December 31, 2022.
The bank has reported rise of 110.37% in its net profit at Rs 652.97 crore for Q3FY23 as compared to Rs 310.39 crore for the corresponding quarter previous year. Total income of the bank increased by 17.51% to Rs 5,450.60 crore for the quarter under review as compared to Rs 4,638.44 crore for the same quarter in the previous year.
The Bank’s gross NPA for the Q3FY23 of the current fiscal improved to 5.63%, as compared to 8.00% in the same quarter of the previous year.