UCO Bank Q2 Net plunges 74 pc to Rs 103 cr

Public sector UCO Bank today reported a 74 per cent decline in net profit at Rs 103.53 crore for the second quarter of the current fiscal.
The bank had a net profit of Rs 400.20 crore in the July- September quarter of 2013-14.
Interest income rose to Rs 4,897 crore during the quarter from Rs 4,444 crore in the corresponding period a year-ago.
Total income increased to Rs 5,256.62 crore in the second quarter from Rs 4,653.30 crore in the year ago period.
Gross Non-performing Assets (NPAs) as a percentage of total advances declined to 5.20 per cent during the period under review from 5.32 per cent in the same period of last fiscal.

Shares of UCO Bank closed at Rs 83.45, down 4.57 per cent over its previous close on the BSE.