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UCO Bank Q1 2014 net profit rises; shares fall
The net NPA as on June 30, 2013 was Rs 3939 crores, which was marginally lower as at the last day of the previous quarter. The capital adequacy ratio was 13.44 per cent.
The stock was down almost 4 per cent following the results.
UCO Bank like most other banks including the private sector ones are suffering from problems relating to poor asst quality. HDFC Bank, Kotak Bank and IDBI bank have also seen a rise in their non performing assets.
GoodReturns.in
Story first published: Friday, July 19, 2013, 11:20 [IST]
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