 "UCO Bank posts Rs 440.57 crore loss in Q1, asset quality deteriorates")
Kolkata-based UCO Bank posted a net loss of about Rs 437 crore for the quarter ended December 31, 2016, against a net loss of about Rs 1,497 crore in the corresponding quarter of the previous financial year.
Sequentially, the bank saw an increase in net loss, as in the second quarter of the current financial year (2016-17) it was around Rs 385 crore.
The asset quality of the bank deteriorated in the last quarter, as its gross non-performing assets (NPAs) increased to 17.18 per cent of gross loans, against 10.98 per cent, in the same quarter of the previous financial
