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UCO Bank Q3 net income grows 27%
The New Indian Express Mysuru
|January 23, 2025
KOLKATA-based public sector lender UCO Bank has reported 27% growth in net income at ₹638.83 crore in the December quarter, buoyed by better asset quality, better margins and higher interest income as it sold more credit.
The core net interest income increased 19.6% to ₹2,377 crore. Net interest margin, a key measure of profitability, rose to 3.17% from 2.84% a year ago, as the bank earned more yield from lending than paying for its funds.
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