Business & Investment

UCO Bank Third Quarter Revenue: UCO Bank Third Quarter Results: Lenders Report Net Income of Rs 35.44

New Delhi: Public Sector UCO Bank Net income for the third quarter ended December 2020 was Rs 35.44 due to a decline in non-performing loan provisioning on Monday.Based in Kolkata bank It reported a net loss of Rs 960.17 during the period from October to December of the previous fiscal year.

However, total revenue fell to only 4,466.97 rupees in the third quarter of this fiscal year, compared to 4,514.21 rupees reported during the same period in 2019-20, UCO Bank said in a regulatory filing. It was.

The non-performing loan ratio of banks was 9.80% of the total loan amount for the quarter ended in December 2020, but was 19.45% in the same period of the previous year.

Net Toxic Assets (NPA) was 2.97% compared to 6.34%.

Reserves for non-performing loans plummeted from Rs 1,645.51 a year ago to Rs 393.06 this quarter.

UCO Bank shares were trading 2.64% higher at BSE at Rs 13.22 per share.



UCO Bank Third Quarter Revenue: UCO Bank Third Quarter Results: Lenders Report Net Income of Rs 35.44

https://economictimes.indiatimes.com/markets/stocks/earnings/uco-bank-q3-results-lender-reports-a-net-profit-of-rs-35-44-crore/articleshow/80445937.cms UCO Bank Third Quarter Revenue: UCO Bank Third Quarter Results: Lenders Report Net Income of Rs 35.44

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