UCO Bank
NSE: UCOBANK | Information Technology
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Uco Bank Q4 profit jumps 23% on lower provisions; margins dip
State-owned Uco Bank reported a 23% rise in Q4 net profit to Rs 801 crore, aided by lower provisions, though operating profit declined due to weaker core and non-interest income. Net interest margin slipped to 3%, even as advances grew 19.4% and deposits rose 11.6%.
Read Full Analysis โUCO Bank Q4 Results: Net Profit Up 22% To Rs 801 Crore, Declares Final Dividend
UCO Bank also declared a final dividend of Rs 0.44 per share.
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