UCO Bank posts Q4 net loss at Rs 1,552 cr; yearly loss at Rs 4,321 cr

Provisions for NPAs stood at Rs 2,602 crore, against Rs 3134 crore in the same period of FY18

UCO Bank posted a net loss of about Rs 1,552 crore for the Q4 of FY19, compared to a net loss of Rs 2,134 crore in the same period of the previous financial year. The bank had posted a net loss of Rs 999 crore in Q3 of FY19. 

For FY19, the bank posted a net loss of about Rs 4,321 crore, against a net loss of Rs 4,436 crore in FY18. 

The bank expects to come out of PCA framework by Q4 of this fiscal, said A K Goel, MD and CEO of UCO Bank. The bank would focus