NEW DELKHI: State-owned UCO Financial institution on Wednesday reported 23 per cent decline in internet revenue at Rs 503 crore for December quarter 2023-24. The Kolkata-based lender had logged a internet revenue of Rs 653 crore in the identical quarter a 12 months in the past.
Working revenue was nearly flat at Rs 1,119 crore as towards Rs 1,354 crore in December 2022 quarter.
Complete revenue elevated to Rs 6,413 crore from Rs 5,451 crore in the identical interval final 12 months, UCO Financial institution mentioned in a regulatory submitting.
Curiosity revenue additionally rose to Rs 5,552 crore over Rs 4,627 crore.
On the asset high quality entrance, the financial institution’s gross Non-Performing Property (NPAs) declined to three.85 per cent of gross loans by the tip of December 2023 from 5.63 per cent a 12 months in the past.
Equally, internet NPAs or dangerous loans got here right down to 0.98 per cent as in comparison with 1.66 per cent in 2022.
In consequence, provisions for dangerous loans declined to Rs 116 crore from Rs 220 crore a 12 months in the past.
The capital adequacy ratio rose to 16.01 per cent from 14.32 per cent on the finish of December quarter FY22.
Working revenue was nearly flat at Rs 1,119 crore as towards Rs 1,354 crore in December 2022 quarter.
Complete revenue elevated to Rs 6,413 crore from Rs 5,451 crore in the identical interval final 12 months, UCO Financial institution mentioned in a regulatory submitting.
Curiosity revenue additionally rose to Rs 5,552 crore over Rs 4,627 crore.
On the asset high quality entrance, the financial institution’s gross Non-Performing Property (NPAs) declined to three.85 per cent of gross loans by the tip of December 2023 from 5.63 per cent a 12 months in the past.
Equally, internet NPAs or dangerous loans got here right down to 0.98 per cent as in comparison with 1.66 per cent in 2022.
In consequence, provisions for dangerous loans declined to Rs 116 crore from Rs 220 crore a 12 months in the past.
The capital adequacy ratio rose to 16.01 per cent from 14.32 per cent on the finish of December quarter FY22.
