22
Wednesday
March 2023
8:44 AM IST
News Headlines
Selena Gomez sets record straight on her relationship status amid dating rumours        SC refuses to entertain plea challenging caste-based census in Bihar        Bangladesh police arrest six persons for selling fraud US visa stamps        Mumbai City FC on course to becoming ISL ‘Invincibles’        One held in Swati Maliwal case: Delhi Police        Congress takes dig at Modi over unemployment        Equalize        Mumbai City FC win 4-0 as Bengaluru FC’s misery deepens        Australia thrash undermanned England in first ODI        AIBEA decides to go ahead with Nov 19 bank strike, discussions with IBA & Managements fail        Erdogan announces extension of grain deal by 120 days        Musk hints at new chief for Twitter        PM to deliver opening address at 'No Money for Terror' event        Transparency, accountability are essence of governance in parliamentary democracy: Birla        Rajiv Gandhi assassination: Centre moves SC seeking review of its order on per-mature release of six convicts        Modi interacts with Biden, Sunak and Macron on sidelines of G20 summit        Rahul says only Congress can protect Constitution which is under constant attack from BJP        Centre misuses offices of Governors: Sitaram Yechury        Pollard announces IPL retirement, appointed as MI's batting coach        Twitter very slow in India: Elon Musk        
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Business News
UCO Bank clocks over 21 pc growth in Q1 FY 2023
 
Kolkata: UCO Bank on Friday posted a net profit of Rs 123.61 crore during Apri-June 2022, registering a growth of 21.41 percent as against Rs 101.81 crore in the year ago period.

The bank announced its operating profit for the first quarter of fiscal 2022-23 stood at Rs 439.94 crore (Operating profit excluding mark-to-market loss Rs 1093.43 Crore) as against Rs 1173.41 crore (Operating profit excluding MTM loss Rs 1286.29 crore).

Net Interest Income of the bank for the quarter also has increased to Rs 1649.54 crore from Rs 1460.24 crore for the quarter ended June 2021, registering a growth of 12.96 percent.

Other Income of the bank for the quarter ended June 2022 stood at Rs 54.47 crore (Other Income excluding MTM loss Rs 599.02 Crore) as against Rs 856.64 crore (Other Income excluding MTM loss Rs 969.52 crore) for the quarter ended June 2021.

The bank's total business has increased to Rs 356677.47 crore as on 30.06.2022 from Rs 332946.17 Crore as on 30.06.2021, registering a growth of 7.13 percent.

Total deposits of the bank have increased to Rs 225327.74 Crore as on 30.06.2022 from Rs 212096.82 Crore as on 30.06.2021, recording a growth of 6.24 percent.

The savings deposits have gone up to Rs 77498.06 crore as on 30.06.2022 from Rs 71377.97 crore as on 30.06.2021 displaying a growth of 8.57 percent. The total advances of the bank stood at Rs 131349.73 crore as on 30.06.2022 as against Rs 120849.35 crore, registering a growth of 8.69 percent.


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KERALA NEWS
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INTERNATIONAL NEWS
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NATIONAL NEWS
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