UCO Bank has reported fourth quarter FY11 net profit of Rs 226 crore, a 40.5% degrowth compared to Rs 380 crore in same quarter the previous year.
Net interest income increased to Rs 844 crore from Rs 744 crore in the same period.
The bank had made provisions of Rs 341 crore, nearly 93% more as compared to Rs 177 crore in Q4FY10.
Source: www.moneycontrol.com
Thanks,
Gaurav Agarwal
Head Dealer
DENIP Consultants Pvt Ltd
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