Public sector bank UCO Bank has released its third quarter results for the current financial year 2022-23 from October to December.
In that statement,
UCO Bank has posted a net profit of Rs 652.97 crore for the third quarter of the current financial year 2022-23 from October to December. Compared to Rs 310.39 crore in the previous financial year 2021-22, the profit increased by 110.37 percent.
The bank’s net profit rose to an all-time high of Rs 1,281 crore in the nine months ended December. Net interest income rose 10.74 percent to Rs 1,951.87 crore in the third quarter ended December from Rs 1,762.61 crore. Other income increased from Rs.719.15 crore to Rs.823.46 crore. 2,43,170 crores in total deposits of the bank.
As on December 31, 2022, the bank’s international business reached a record of Rs.3,94,228.98 crore, UCO Bank said.