UCO Bank Q3 Result: Net Profit jumped 110% YoY

UCO Bank reported Q3 Results on January 24, 2023. Net profit jumps 110% YoY to Rs.289 crores.

UCO Bank reported a Net Interest Income of Rs.4,627 crores rose 18% YoY. It was Rs.3,919 crores in Q3 last year.

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Bank reported its Total Income of 5,450.60 crores for Q3FY23 up by 17.50% YoY. It was 4,638.44 crores for Q3FY22.

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Bank reported a Net profit of Rs.653 crores rose 110% YoY. It was Rs.310 crores in Q3 last year.

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Bank reported Operating profit Rs.1,353.91 crores marginally up YoY. It was Rs.1,340.30 crores in Q3 last year.

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UCO Bank reported Capital Adequacy Ratio decline by 26 bps from 14.51% to 14.25% on Q3FY23.

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Bank reported provisions of Rs.220.17 crores down 61% YoY. It was Rs.565.37 crores in Q3 last year.

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Bank reported Gross NPA of 5.63% was 6.58% QoQ and 8.00% YoY. Net NPA of 1.66% was 1.99% QoQ and 2.81% YoY.

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