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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.
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.
