UCO Bank - Q2FY13 Result First Cut - Microsec

UCO Bank Ltd has announced its Q2FY13 result on 7th Nov 2012.

The bank's total income decreased by 3.95% QoQ and marginally increased by 1.06% YoY to INR1225.72 crores. Whereas, Profit After Tax (PAT) decreased by 71.39% QoQ and 55.06% YoY to INR103.71 crores. Bank's marginal growth in its Net Interest Income coupled with higher Provisioning affected the bottom line.

During the quarter, Bank's loans book and total deposits expanded by 23.54% and 23.80% YoY to INR118045.09 and INR162567.28 crores respectively. On the assets quality front, bank asset quality is still the matter of concern. GNPA and NNPA increased by 100 and 71bps QoQ and 124 and 83bps YoY to 4.88% and 2.94% respectively. However, Capital Adequacy Raito (CAR) is 327bps or 3.27% higher than the regulator stipulated norm.

Source : Equity Bulls

Keywords