UCO Bank reports stellar Q2 numbers

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.