KOLKATA: State-owned UCO Financial institution on Monday reported a 147 per cent year-on-year leap in internet revenue to Rs 551 crore within the April-June quarter. The lender’s bottomline within the corresponding interval a yr in the past stood at Rs 223 crore.
Working revenue within the reporting quarter was Rs 1,321 crore, registering a development of 9.81 per cent over the year-earlier interval.
The Kolkata-based financial institution’s whole enterprise grew 11.46 per cent on-year to Rs 4,61,408 crore, whereas gross advances elevated 17.64 per cent to Rs 1,93,253 crore, it mentioned in an announcement.
Whole deposits rose 7.39 per cent year-on-year to Rs 2,68,155 crore within the three months ended June.
Advances in retail, agriculture and MSME (RAM) sectors had been up 18.65 per cent at Rs 1,01,986 crore, it mentioned.
The financial institution additionally managed to cut back its Gross NPA in April-June by 116 foundation factors to three.32 per cent, whereas internet NPA declined by 40 foundation factors to 0.78 per cent.
The assertion mentioned capital adequacy ratio stood at 17.09 per cent on the finish of the primary quarter, with Tier-I ratio of 14.75 per cent.
Working revenue within the reporting quarter was Rs 1,321 crore, registering a development of 9.81 per cent over the year-earlier interval.
The Kolkata-based financial institution’s whole enterprise grew 11.46 per cent on-year to Rs 4,61,408 crore, whereas gross advances elevated 17.64 per cent to Rs 1,93,253 crore, it mentioned in an announcement.
Whole deposits rose 7.39 per cent year-on-year to Rs 2,68,155 crore within the three months ended June.
Advances in retail, agriculture and MSME (RAM) sectors had been up 18.65 per cent at Rs 1,01,986 crore, it mentioned.
The financial institution additionally managed to cut back its Gross NPA in April-June by 116 foundation factors to three.32 per cent, whereas internet NPA declined by 40 foundation factors to 0.78 per cent.
The assertion mentioned capital adequacy ratio stood at 17.09 per cent on the finish of the primary quarter, with Tier-I ratio of 14.75 per cent.
