UCO Bank posted a significant increase in its net profit for the third quarter of fiscal year 2011. Its PAT for the quarter came in at Rs 301 crore versus Rs 246 crore.
The bank's net interest income for the quarter also increased by 69.11% to Rs 1,062 crore from Rs 628 crore, while the net non-performing assets (NPAs) went up at 1.13% versus 0.89%. Gross NPAs too were up at 2.57% versus 2.01% (YoY). Watch video to know what the management had to say in its address to the press.Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
