UCO Bank posts improved core in Q1; Asset quality stable, provisions decline
Published on 21/07/2025 01:12 PM
UCO Bank posts improved core in Q1; Asset quality stable, provisions declineUCO Bank Q1 Results: Gross NPA for the quarter stood at 2.63%, compared to 2.69% in the March quarter. Net NPA for the quarter stood at 0.45% from 0.50% in the March quarter.By Meghna Sen July 21, 2025, 1:12:03 PM IST (Published)1 Min ReadState-run UCO Bank reported results for the June quarter on Monday, July 21, in which its net profit for the quarter stood at ₹607 crore, implying a rise of 10% from the same quarter last year.
The lender's Net Interest Income (NII) or core income for the quarter rose by 7% from last year to ₹2,403 crore.
Gross NPA for the quarter stood at 2.63%, compared to 2.69% in the March quarter. Net NPA for the quarter stood at 0.45% from 0.50% in the March quarter.
Provisions for the June quarter decreased on a sequential basis. Provisions at the end of the quarter stood at ₹616 crore, from ₹663 crore in March.
Following the earnings announcement, shares of UCO Bank are trading 0.96% lower at ₹31.82.Continue ReadingCheck out our in-depth Market Coverage, Business News & get real-time Stock Market Updates on CNBC-TV18. Also, Watch our channels CNBC-TV18, CNBC Awaaz and CNBC Bajar Live on-the-go!TagsUCO Bank