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UCO Bank jumps 6% after 50% increase in net profit
short by System User / on Monday, 21 October, 2024
UCO Bank Ltd, a Government of India Undertaking, that offers a range of banking solutions, rose above 6% following a 50% year-on-year increase in net profit to ₹603 crore, in Q2FY25. The Gross NPA improved to 3.18% in Q2FY25, compared to 3.32% in Q1FY25. Net interest income grew by 20% year-on-year to ₹2,301 crore.
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