UCO Bank announced Q2FY23 results: Bank has made a Net Profit of Rs. 504.52 crore during Q2FY23 as against a Net Profit of Rs. 205.39 crore in Q2FY22 registering a growth of 145.64%. The operating Profit of the Bank for Q2FY23 stood at Rs.1189.78 crore as against Rs. 1334.15 crore for Q2FY22. The net Interest Income of the Bank for Q2FY23 has increased to Rs.1769.60 crore from Rs.1597.72 crore for Q2FY22 registering a growth of 10.76%. Other Income of the Bank for Q2FY23 stood at Rs.779.94 crore as against Rs. 936.07 crore for Q2FY22. The total Business of the Bank has increased to Rs. 377304.92 crore as of Q2FY23 from Rs. 335237.94 crore as of Q2FY22 registering a growth of 12.55%. Total Deposits of the Bank have increased to Rs. 235148.63 crore as of Q2FY23 from Rs. 213685.92 crore as of Q2FY22 registering a growth of 10.04%. CASA of the Bank (Domestic) stood at 39.57% as of Q2FY23. Savings Deposits of the Bank have increased to Rs. 79027.12 crore as of Q2FY23 from Rs. 72892.09 crore as of Q2FY22 registering a growth of 8.42%. Total Advances of the Bank stand at Rs. 142156.28 crore as of Q2FY23 as against Rs. 121552.03 crore as of Q2FY22 registering a growth of 16.95%. Gross NPA of the Bank has reduced to Rs. 9358.92 crore (6.58%) as of Q2FY23 from Rs. 10909.79 crore (8.98%) as of Q2FY22 and from Rs. 9739.65 crore (7.42%) as on 30.06.2022. The net NPA of the Bank has reduced to Rs. 2700.29 Crore (1.99%) as of Q2FY23 from Rs. 3854.33 Crore (3.37%) as of Q2FY22 and from Rs. 3103.82 Crore (2.49%) as on 30.06.2022. The Provision Coverage Ratio of the Bank has increased to 92.90% as on 30.09.2022 from 90.02% as of Q2FY22 and from 91.96% as of Q2FY23. The capital Adequacy Ratio of the Bank stood at 14.02% and the CET-I Ratio at 11.25% as of 30.09.2022. Result PDF