Kolkata: UCO Bank recorded an increase of 145 percent in its post-tax profit to reach Rs 504.52 crore during the second quarter of the current fiscal against Rs 205.4 crore during the previous year. The Kolkata-based lender said in a regulatory filing that the operating profit of the bank during the quarter decreased to Rs 1,190 crore as compared to Rs 1,334.2 crore during the previous year in the same period. Domestic revenues of the bank during the second quarter stood at Rs 4,794.76 crore, while international revenues stood at Rs 170.08 crore.
The capital adequacy ratio of the bank at the end of the second quarter stood at 14.02 percent, registering a marginal decline from 14.31 percent in the corresponding previous period.
The Gross NPA of the lender declined to 6.58 percent at the end of the second quarter from 8.98 percent, while the net NPA stood at 1.99 percent from 3.37 percent in the previous similar period.
UCO Bank restructured MSME accounts 25,255 with an outstanding amount of Rs 1,433.70 crore as on September 30.
(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)