UCO Bank - Current Affairs Questions and Answers

1)   Which bank has been the worst performer in terms of gross NPA in 2014-2015?

a. SBI
b. IOB
c. BoM
d. UCO Bank
Answer  Explanation 

ANSWER: UCO Bank

Explanation:
UCO bank registered the biggest increase in gross NPA against total loans in 2014-2015 becoming the worst performer among public sector banks with Gross NPA to gross advances ratio of the bank increasing to 8.05 percent at the end of March 2015 from 4.47 percent, with accretion of 3.58 on an annual basis. This was followed by IoB and BoM having gross NPA rising to 8.30 percent and 6.18 percent respectively at the end of March 2015. Gross NPA of Dena Bank increased from 3.33 percent to 5.29 percent at the end of 2014-15.
2)   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?

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

ANSWER: UCO Bank

Explanation:
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 percent during the same quarter last year.

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