 "UCO Bank reports Rs 30-crore net profit in Q2, brings down bad loans")
State-owned UCO Bank on Thursday reported a net profit of Rs 30.12 crore for the second quarter ended September 30.
The bank had posted a net loss of Rs 891.98 crore during the corresponding quarter of the previous financial year.
Sequentially, the profit during the second quarter of 2020-21 was higher from Rs 21.46 crore in the first quarter ended June 2020.
Its total income was down at Rs 4,326.14 crore during the September 2020 quarter, from Rs 4,533.51 crore a year ago, UCO Bank said in a regulatory filing.
Interest income fell to Rs 3,614.61 crore during the quarter, compared with Rs 3,804.64
