State-owned UCO Bank on Friday mentioned its web revenue fell 20.39 per cent to Rs 402 crore within the second quarter ended September 2023, in contrast with Rs 505 crore within the 12 months-in the past interval. Its web curiosity revenue (NII) throughout July-September 2023 elevated 8.30 per cent to Rs 1,917 crore, towards Rs 1,770 crore within the 12 months-in the past interval.
UCO Bank’s working revenue additionally decreased by 17.47 per cent 12 months-on-12 months to Rs 982 crore, in accordance to a regulatory submitting.
The financial institution’s world enterprise grew to Rs 4,17,145 crore on the finish of the September quarter as towards Rs 3,77,305 crore in the identical interval earlier fiscal.
The Kolkaka-headquartered financial institution mentioned its world deposits stood at Rs 2,49, 411 crore on the finish of the quarter, whereas world advances touched Rs 1,67,734 crore in the identical interval. Under home advances, publicity to retail, agriculture and MSME stood at Rs 90,046 crore on the finish of the July-September quarter, representing 63.15 per cent of complete home loans.
The complete provisioning of the lender, through the second quarter, stood at Rs 580 crore, decrease than Rs 685 crore within the 12 months-in the past interval. Domestic web curiosity margin (NIM) of the financial institution stood at 3.05 per cent on the finish of the second quarter, as in contrast to 2.97 per cent within the earlier comparable interval.
