State-owned UCO Bank reported net profit of Rs 1,654 crore for the twelve month ended March 31, 2024 as against Rs 1,862 crore for the same period in the preceding year, on account of higher provisioning.
The Net Interest Income (NII) of the bank grew 10.32 per cent to Rs 8,101 crore y-o-y for the twelve months ended March 31, 2024 as against Rs 7,343 crore for the twelve month ended March 31, 2023.
The bank's total business grew by 9.50 per cent on y-o-y to Rs 4,50,007 crore as on March 31, 2024 from Rs 4,10,967 crore as on March 31, 2023. Rs 2,63,130 crore as on March 31, 2024 from Rs 2,49,338 crore as on March 31, 2023.
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