UCO Bank reports 51% net profits decline

Q.  On 8th Aug’15 which bank has reported a 51% decline in its net profit to 256.7 crore rupees for the first quarter ended June 30 against the same quarter last fiscal?
- Published on 08 Sep 15

a. PNB
b. UCO Bank
c. Allahabad Bank
d. Union Bank of India

ANSWER: UCO Bank
 
The Gross Non-performing Assets as a percentage of total advances increased to 7.3 percent during June quarter, from 4.3 percent in the same period last fiscal. Net non-performing assets also rose to 4.5 percent against 2.3 per cent during the same quarter last year.

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