UCO Bank registers growth of 374.42% in Q1 net profit; Gross NPA down at Rs 11,321.76 crore

New Delhi: UCO Bank has made a net profit of Rs 101.81 crore during the quarter ended June 2021 as against a net profit of Rs 21.46 cr in the quarter ended June 2020, registering a growth of 374.42%.

Net Interest Income of the Bank for the quarter ended June 2021 has increased to Rs 1460.24 crore from Rs1266.78 crore for the quarter ended June 2020 registering a growth of 15.27%. This is the highest Net Interest Income in the last 23 quarters.

 

Gross NPA of the Bank has reduced to Rs 11321.76 crore (9.37%) as of 30.06.2021 from Rs 16576.43 crore (14.38%) as on 30.06.2020 and from Rs 11351.97 crore (9.59%) as on 31.03.2021.

Net NPA of the Bank has reduced to Rs 4387.25 Crore (3.85%) as on 30.06.2021 from Rs 5138.18 crore (4.95%) as on 30.06.2020 and from Rs 4389.50 Crore (3.94%) as on 31.03.2021.

 

Provision Coverage Ratio of the Bank has increased to 88.53% as on 30.06.2021 from 86.50% as on 30.06.2020 and from 88.40% as on 31.03.2021. Capital Adequacy Ratio of the Bank stood at 14.24% and CET-I Ratio at 11.32% as on 30.06.2021.

Operating Profit of the Bank for the quarter June 2021 stood at Rs 1286.28 Crore as against Rs 977.08 Crore for the quarter ended June 2020 registering a growth of 31.65%.

 

Other Income of the Bank for the quarter ended June 2021 has increased to ` 969.51 Crore as against Rs 773.93 Crore for the quarter ended June 2020 registering a growth of 25.27%.

CASA of the Bank (Domestic) stood at 38.55% as on 30.06.2021.

 

Total Deposits of the Bank has increased to Rs 212,096.82 crore as on 30.06.2021 from Rs 195119.60 Crore as on 30.06.2020 registering a growth of 8.70%.

Read Also : Vice Admiral Dinesh Kumar Tripathi appointed as next Chief of the Naval Staff