UCO Bank Sept quarter net profit rises 50% to ₹603 crore
Millennium Post Delhi|October 20, 2024
State-owned UCO Bank on Saturday posted a 50 per cent jump in net profit to Rs 603 crore in the September quarter, helped by improvement in interest income.

The lender had recorded a net profit of Rs 402 crore in the same quarter a year ago.

Total income increased to Rs 7,071 crore during the quarter under review from Rs 5,866 crore in the same period last year, UCO Bank said in a regulatory filing. The bank earned an interest income of Rs 6,078 crore during the quarter compared to Rs 5,219 crore in the same period a year ago.

Net interest income improved to Rs 2,301 crore, from Rs 1,917 crore in the year-ago period, registering a 20 per cent growth.

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