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UCO Bank reports 86% rise in Q4 net profit

02 May 2023 Evaluate

UCO Bank has reported results for fourth quarter (Q4) and year ended March 31, 2023.

UCO Bank has reported 86.19% rise in its net profit at Rs 581.24 crore for the quarter under review as compared to Rs 312.18 crore for the same quarter in the previous year. Total income of the bank increased by 36.35% at Rs 5946.94 crore for Q4FY23 as compared to Rs 4361.63 crore for the corresponding quarter previous year.

For the year ended March 31, 2023, the bank has reported 2 fold jump in its net profit at Rs 1862.34 crore as compared to Rs 929.76 crore for the previous year. Total income of the bank increased by 11.49% at Rs 20158.98 crore for year under review as compared to Rs 18082.15 crore for year ended March 31, 2022.

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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