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UCO Bank Q2 net at Rs 141 cr.

Asia Africa Intelligence Wire

| October 20, 2004 | COPYRIGHT 2003 Financial Times Ltd. (Hide copyright information)Copyright

(From Business Line)

Kolkata, Oct. 19. UCO Bank has posted a net profit of Rs 141 crore during the second quarter of the current fiscal. The bank recorded a 29-per cent increase in net interest income over the corresponding period of the previous year.

For the half year ended September 30, 2004, its interest income went up from Rs 1,521 crore posted during the corresponding previous half-year to Rs 1,725 crore. It recorded an operating profit of Rs 512 crore compared with Rs 490 crore posted during the corresponding previous half year.

UCO Bank, noted Mr V.P. Shetty, CMD, had a deposit base of Rs 42,210 crore as on September 30, 15 per cent higher …

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