State-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.
