 "UCO Bank")
High provisioning continued to weigh upon Kolkata-based UCO Bank, although losses reduced over the last one year. The bank posted a loss before tax of Rs 892 crore for the second quarter of the present financial year, against a loss before tax of Rs 1136 crore in the same period of the last financial year. In the first quarter of this fiscal, the bank had posted a loss before tax of about Rs 601 crore.
The provisioning for bad loans and contingencies increased to Rs 2,099.02 crore for the quarter under review from Rs 1,642.54 crore a year ago
On
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