ALPHA TRIBE

UCO BankResults, 21-01-2025: Integrated Filing- Financial

21-01-2025 | 07:05 pm

UCO Bank has announced a board meeting to discuss the financial results for the quarter and nine months ended December 31, 2024. The bank reported a total income of ₹740.59 crore, with a net profit of ₹63.88 crore during this period. The provision for non-performing assets shows a robust coverage ratio of 96.6%. The results, reviewed by auditors, reflect a strengthening financial position and continued operational resilience. Investors may view this as a positive outlook, given the bank's improved income and controlled NPA levels, which could enhance investor confidence moving forward.

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