UCO Bank has reported results for the second quarter ended September 30, 2011
The bank’s net profit for the second quarter of the current fiscal has grown 93.6% at Rs 230.75 crore as compared to Rs 119.19 crore for the corresponding quarter of the last year. The bank’s total income has surged 25.8% at Rs 3,730.79crore for the quarter under review as compared to Rs 2,964.54 crore for the second quarter of the previous year.
The banks’ gross NPA stood at 3.64% for the quarter ended September 30, 2011 as compared to 2.39% in the quarter ended September 30, 2010. Its net NPA also rose at 2.11% in Q2FY12 as compared to 1.18% in Q2FY11.
