Business Standard

UCO Bank net rises 12% to Rs 253 cr

Related News

recorded a 12 per cent rise in net profit at Rs 253 crore for the quarter ended March 31, against Rs 226 crore in the same period last year. “The profits would have been more but for higher provisioning for non-performing assets of Rs 379 crore during the fourth quarter, as against Rs 94 crore during same period last year,” said Chairman and Managing Director Arun Kaul. Provisioning rose on account of bad loans from sectors like aviation and iron and steel.

Read more on:   
|
|
|
|

UCO Bank net rises 12% to Rs 253 cr

UCO Bank recorded a 12 per cent rise in net profit at Rs 253 crore for the quarter ended March 31, against Rs 226 crore in the same period last year. “The profits would have been more but for higher provisioning for non-performing assets of Rs 379 crore during the fourth quarter, as against Rs 94 crore during same period last year,” said Chairman and Managing Director Arun Kaul. Provisioning rose on account of bad loans from sectors like aviation and iron and steel.

recorded a 12 per cent rise in net profit at Rs 253 crore for the quarter ended March 31, against Rs 226 crore in the same period last year. “The profits would have been more but for higher provisioning for non-performing assets of Rs 379 crore during the fourth quarter, as against Rs 94 crore during same period last year,” said Chairman and Managing Director Arun Kaul. Provisioning rose on account of bad loans from sectors like aviation and iron and steel.

image

Read More

Rupee touches new low at Rs 56.5 vs dollar

The rupee today tumbled by 26 paise to trade at a new low of Rs 56.50 against the US dollar in early trade on increased capital outflows and strong ...

Recommended for you

Quick Links

More news from Finance Rss icon

Indian banks slow in passing on RBI rate changes: IMF report

Report finds evidence of asymmetric adjustment to monetary policy

General insurers crack the whip on claim fraudsters

Create red flags for motor, health insurance to nab culprits, track social media to observe activity of suspicious claimants

HDFC Bank breaches RBI limits on loans to Reliance Industries

However, lender says it has acted totally within regulations; says its board of directors okayed 'the said excess in respect of this exposure'

Back to Top