UCO bank reports 51% decline in profits on 8thAugust 2015
Q. On 8th Aug’15 which bank has reported a 51% decline in its net profit to 256.7 crore rupees for the first quarter ended June 30 against the same quarter last fiscal?- Published on 27 Aug 15
b. UCO Bank
c. Allahabad Bank
d. Union Bank of India
ANSWER: UCO Bank
The Gross Non-performing Assets as a percentage of total advances increased to 7.3 percent during June quarter, from 4.3 percent in the same period last fiscal. Net non-performing assets also rose to 4.5 percent against 2.3 percent during the same quarter last year.