India's UCO Bank rises after upbeat Q1 results

UCO Bank

22/07/2024 09:42

** Shares of UCO Bank  UCBK.NS  up 2.1% at 56.20 rupees
    ** Lender's Q1 net profit more than doubles on higher
interest income
    ** Net non-performing assets as percentage of total loans
improves to 0.78% from 0.89% prev qtr
    ** Stock was up ~0.7% before results
    ** UCBK up ~41% YTD, set for fourth straight annual gain 
    

 (Reporting by Kashish Tandon in Bengaluru)
 ((kashish.tandon@thomsonreuters.com))