UCO Bank’s web curiosity earnings at Rs 7,343.13 crore through the 12 months too was the financial institution’s highest ever.
UCO Bank posts its highest-ever annual web revenue of Rs 1,862.34 crore in 2022-23
Public sector UCO Bank on Tuesday reported an 86.2 per cent rise in web revenue to Rs 581.24 crore for the March 2023 quarter on the again of a discount in unhealthy loans. The financial institution reported a revenue of Rs 312.18 crore within the January-March quarter of 2021-22.
UCO Bank has posted its highest-ever annual web revenue of Rs 1,862.34 crore in 2022-23 towards Rs 929.76 crore within the previous fiscal, registering a virtually 100 per cent year-on-year progress, the Kolkata headquartered lender mentioned in a inventory alternate submitting.
The web curiosity earnings (NII) at Rs 7,343.13 crore through the 12 months too was the financial institution’s highest ever.
The financial institution’s gross non-performing belongings (NPA) within the fourth quarter declined to 4.78 per cent from 7.89 per cent a 12 months in the past. Similarly, the web NPA too declined to 1.29 per cent within the January-March 2022-23 quarter from 2.7 per cent.
UCO Bank’s capital adequacy ratio at 16.51 per cent at March-end 2023 elevated by 277 foundation factors from 13.74 per cent a 12 months in the past.
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