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UCO Bank Q1 net up 41% at Rs 511 cr

The total income of the bank rose to Rs 4,668.81 crore in the April-June quarter, from Rs 4,407.39 crore in the same period last year

Press Trust of India New Delhi
Last Updated : Jul 19 2013 | 6:19 PM IST
State-owned UCO Bank today reported 41% growth in net profit at Rs 511.11 crore for the first quarter ended June 30, 2013.

It had earned net profit of Rs 362.46 crore in the April- June quarter of the 2012-13, UCO Bank informed the BSE.

The total income of the bank rose to Rs 4,668.81 crore in the April-June quarter, from Rs 4,407.39 crore in the same period last year.

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As of June 30, UCO Bank's portfolio quality deteriorated further, with gross non-performing assets (NPAs) rising to 5.58% of gross advances, as against 3.88% in the same quarter of the previous fiscal.

Its net non-performing assets also rose from 3.15% from 2.23%.

The bank's Capital Adequacy Ratio (CAR) as of June 30 stood at 13.72%.

UCO scrip closed at Rs 69.40 on the BSE, down 5.64% from the previous session.

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First Published: Jul 19 2013 | 6:15 PM IST

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