UCO Bank records Q3 net loss at Rs 1,497 cr

UCO Bank on Saturday reported a net loss of Rs 1,497 crore in the October-December quarter of FY16 against a net profit Rs 303.59 crore in the corresponding quarter last year.

The bank’s total income stood at Rs 4,934.60 crore, compared with Rs 5,447.39 crore last year, a fall of nearly nine per cent Stock Market Trading Tips

Gross non-performing assets stood at 10.98 per cent in the last quarter, against 6.50 per cent in the same period last year. The net NPA of was 6.51 per cent, against 4.25 per cent a year ago.

In terms of absolute value, the gross NPA swelled to nearly Rs 1,4931.80 crore, against Rs 9,530.63 crore last year. The net NPA stood at Rs 8,409 crore, against Rs 6,051 crore in the same period last year, a rise of nearly 40% Indian stock market astrology prediction