For quarter under review, UCO Bank’s provision for bad loans jumped to Rs1,323.36 crore as against Rs980.03 crore a year ago. The lender reported a net loss of Rs384.83 crore in the year-ago period. Provision for NPAs in the quarter increased to Rs1,323.36 crore from Rs980.03 crore in the same period last fiscal. Kolkata-based Uco Bank’s gross NPAs rose to Rs24,434.95 crore from Rs22,275.51 crore a year ago. Net NPAs rose to Rs11,008.23 crore, or 9.98%, from Rs10,890.43 crore, or 8.83% a year ago.

Source: Mint November 03, 2017 16:00 UTC