UCO Bank posts 50% jump in net profit to Rs 603 crore in Q2

State-owned UCO Bank reports a 50% rise in net profit to Rs 603 crore in the September quarter, driven by higher interest income. Gross NPAs reduced to 3.18%, and net NPAs fell to 0.73%. The bank anticipates 12-14% credit growth for the financial year.

UCO Bank posts 50% jump in net profit to Rs 603 crore in Q2

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

Join our WhatsApp Community to receive travel deals, free stays, and special offers!
- Join Now -

State-owned UCO Bank reports a 50% rise in net profit to Rs 603 crore in the September quarter, driven by higher interest income. Gross NPAs reduced to 3.18%, and net NPAs fell to 0.73%. The bank anticipates 12-14% credit growth for the financial year.