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Kolkata, Oct 31 (PTI) Post-tax profit of UCO Bank has declined 49.5 per cent to Rs 143 crore in the first half of the current financial year from Rs 283 crore in the same period last fiscal.
Publication: PTI - The Press Trust of India Ltd. Publication Date: 31-OCT-05 |
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COPYRIGHT 2005 Asia Pulse Pty Ltd
UCO Bank Chairman and Managing Director V Sridar told reporters here today the decline in net profit had been due to provisioning for depreciation on transfer of securities shifted to held-to-maturity category.
He said business of the bank had increased 25 per cent during the current first half touching...
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From K.J.M. Varma.
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