UCO Bank posted a marginal 0.42 per cent increase in net profit at Rs 133.44 crore in the first quarter as against Rs 132.87 crore in the corresponding quarter last year. However, in the domestic market, the bank reported a net profit of about Rs 101 crore for the current quarter, against Rs 119 crore for the same quarter last year, a fall of 15.13 per cent.
According to S K Goel, chairman and managing director, UCO Bank, the fall in profit in the domestic market was due to provisioning of Rs 107 crore for treasury operation losses in the first quarter of the current financial year.