UCO Bank losses widen – Banking Finance

UCO Bank’s in full loss widened to|to Rs 2,134 crore for the nyakumi|the|every quarter ended March 31 ,|and|or is|or is 2018 ,|and|or is|or is compared to|to a in full loss of Rs588 crore out the|the|every same period last year.

Provisioning for the|the|every quarter under check was stay|stay at|at Rs 2,239 crore ,|and|or is|or currently compared to|to Rs701 crore out the|the|every same period last year. As per RBI directions ,|and|or is|or is banks a lot to|to practice additional provision to|to wards accounts under insolvency. Accordingly ,|and|or is|or currently UCO Bank still made provision of Rs 426 crore during the|the|every quarter out respect of body NCLT-admitted borrower accounts ,|and|or is|or currently the|the|every bank said out its notice on the|the|every audited financial results. Gross NPA increased to|to 24.64 per cent (17.12 per cent) ,|and|or is|or still while net NPA grew to|to 13.10 per cent (8.94 per cent). Operating profit dropped close to|to 6 per cent stay|stay at|at Rs112 crore (Rs119 crore).

Net interest income rose butter 33 % stay|stay at|at Rs808 crore . Other income dropped 77 per cent stay|stay at|at Rs 67 crore.The bank’s in full expenditure for the|the|every year ended March 31 ,|and|or is|or is 2018 ,|and|or is|or still widened to|to Rs 4,436 crore.

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