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UCO Bank’s Q4FY13 net profit falls by 80.40%

08 May 2013 Evaluate

UCO Bank has reported results for the quarter and year ended March 31, 2013.

The bank’s net profit for the Q4FY13 declined by 80.40% at Rs 49.55 crore as compared to Rs 252.84 crore for the Q4FY12. However, its total income has increased by 7.36% to Rs 4527.06 crore for the quarter from Rs 4216.63 crore for the corresponding quarter of the previous year.

For the year ended March 31, 2013, the bank’s net profit fell by 44.24% at Rs 618.19 crore as compared to Rs 1108.67 crore for the year ended March 31, 2012. However, its total income has increased by 13.50% to Rs 17703.88 crore for the year under the review from Rs 15597.92 crore for the previous year.

The bank’s gross NPA for the March 31, 2013 quarter of the current fiscal stood at 5.42%, higher as compared to 3.48% in the same quarter of the previous year. Besides, bank’s Net NPA stood at 3.17%, higher as compared to 1.96% in the same quarter of the previous year.

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