UCO Bank Q2: Net Profit Jumps 50% to ₹603 Crore, NII Up 20%

UCO bank

UCO Bank Q2 results: Net profit increased 50% to ₹603 crore NII and 20% to ₹2,300 crore.

State-run UCO Bank reported outstanding performance in the second quarter ended September 30, 2024, with net profit increasing 50% year-on-year (YoY) to ₹603 crore. This is amp important rise compared to ₹402 crore inch the like stern go year

Important fiscal highlights:

net concern income (nii): the bank’s nii grew away 20% stretch ₹2300 crore leading from ₹1916 crore inch the like point go class. The difference between the bank’s loan income and depositor payments is shown in NII.

Non-Performing Assets (NPAs): UCO Bank showed strong improvement in asset quality. NPAs ranged from 318% astatine to 332% in June. Net NPA also dropped to 0.73% from 0.78% for the quarter. Inch arbitrary price egregious NPA was ₹6294 crore spell clear NPA stood astatine ₹1406 crore

net concern edge (nim): the bank’s nim better to 310% inch q2 fy25 leading from 284% amp class past. For the first half of FY25 NIM was 3.09% compared to 2.92% in the first half of FY24.

Company expansion:

Total trading value: As of September 30, 2024, UCO Bank had a total trading value of ₹473,040 trillion, up 13.56% from the previous year.

Gross advances and loan advances stood at Rs 1,979,270 crore, up 18% year-on-year.

Total Deposits: Deposits increased 10.57% to ₹275,777 crore.

Sector Effectiveness:

Retail Agriculture & MSME Advances: These sectors grew by 20.16% YoY to ₹108200 crore. retail loans surged 2936% husbandry loans grew away 1741% and msme loans colored away 1132%

capital sufficiency ratio (crar): the bank  crar stood astatine amp sound 1684% with level one cap astatine 1459%

Other highlights:

credit to stick ratio: the trust according amp credit-to-deposit ratio of 7177% arsenic of sept cardinal 2024

business per employee: uco bank  line per employee hyperbolic to ₹2210 crore compared to ₹1906 crore go year

Retail and husbandry loans:

retail loans: uco bank  retail advances strike ₹47039 crore mark amp 2936% gain determined away house and vehicle loans. Home loans grew by 18.98% and vehicle loans surged by 38.66% YoY.

Agriculture Loans:

Agricultural advances rose 17.41% YoY to ₹26987 crore.

On October 18 UCO Bank  stock closed at ₹45.65 up by 1.22% on the BSE.

136 thoughts on “UCO Bank Q2: Net Profit Jumps 50% to ₹603 Crore, NII Up 20%”

  1. ¡Bienvenidos, participantes de emociones !
    Casino fuera de EspaГ±a con ranking de jugadores – п»їhttps://casinoporfuera.guru/ casino online fuera de espaГ±a
    ¡Que disfrutes de maravillosas movidas brillantes !

  2. ¡Saludos, participantes del entretenimiento !
    casino online fuera de EspaГ±a legal y confiable – п»їhttps://casinosonlinefueraespanol.xyz/ casinos fuera de espaГ±a
    ¡Que disfrutes de logros impresionantes !

  3. Эта разъяснительная статья содержит простые и доступные разъяснения по актуальным вопросам. Мы стремимся сделать информацию понятной для широкой аудитории, чтобы каждый смог разобраться в предмете и извлечь из него максимум пользы.
    Узнать больше – https://nakroklinikatest.ru/

  4. ¡Hola, estrategas del entretenimiento !
    casinosextranjerosdeespana.es – elige tu bono – п»їhttps://casinosextranjerosdeespana.es/ casinosextranjerosdeespana.es
    ¡Que vivas increíbles jackpots sorprendentes!

  5. ¡Saludos, cazadores de recompensas únicas!
    Casino sin licencia con promociones diarias – п»їaudio-factory.es audio-factory.es
    ¡Que disfrutes de asombrosas botes sorprendentes!

  6. I am curious to find out what blog platform you have been using? I’m having some small security problems with my latest blog and I’d like to find something more secure. Do you have any solutions?

  7. I really like your blog.. very nice colors & theme. Did you create this website yourself or did you hire someone to do it for you? Plz answer back as I’m looking to design my own blog and would like to find out where u got this from. kudos

  8. I have read some just right stuff here. Definitely worth bookmarking for revisiting. I wonder how much attempt you put to make the sort of excellent informative web site.

  9. Hey there, all fortune chasers !
    The platform supports multiple languages for convenience. 1xbet nigeria login registration Get your welcome bonus right after registration. User interface is designed for beginners and professionals alike.
    1xbet registration nigeria provides personalized dashboards post-registration. The 1xbet login registration nigeria portal supports two-factor authentication. Many use 1xbet registration in nigeria by phone number to expedite account setup.
    Start with 1xbet ng login registration online today – п»їhttps://1xbetloginregistrationnigeria.com/
    Savor exciting victories !

  10. Thanks for another fantastic article. Where else may just anybody get that type of information in such a perfect way of writing? I have a presentation subsequent week, and I’m on the look for such info.

  11. hey there and thank you for your info – I have definitely picked up anything new from right here. I did however expertise several technical issues using this web site, since I experienced to reload the website a lot of times previous to I could get it to load properly. I had been wondering if your web hosting is OK? Not that I am complaining, but sluggish loading instances times will sometimes affect your placement in google and could damage your high quality score if advertising and marketing with Adwords. Well I’m adding this RSS to my email and can look out for much more of your respective fascinating content. Make sure you update this again soon..

  12. Envio mis saludos a todos los exploradores de tesoros !
    Un casino sin licencia en España suele aceptar depósitos mínimos desde 1€. Esto facilita probar los juegos sin arriesgar demasiado dinero. Además, muchos casinos online sin registro ofrecen este tipo de ventajas.
    Muchos casinos online sin licencia cuentan con programas VIP muy generosos. Ofrecen recompensas exclusivas y trato preferente. Esto es una gran diferencia frente a casinos regulados.
    Casinos sin licencia en EspaГ±ola con ruleta online – п»їhttps://casinoonlineeuropeo.blogspot.com/
    Que disfrutes de increibles juegos !
    casinosinlicenciaespana.blogspot.com

Leave a Comment

Your email address will not be published. Required fields are marked *