India's UCO Bank slips on Q3 profit fall

UCO Bank

25/01/2024 06:37

** Shares of UCO Bank  UCBK.NS  fall 3% to 41.4 rupees
    ** The lender reported a ~23% fall in Q3 net profit to 5.03
bln rupees ($60.5 mln), its second straight qtr of profit fall
    ** Its net interest margin (NIM) contracted to 3.02% from
3.18% a year ago
    ** Says gross NPA and net NPA fell sequentially
    ** UCBK among top losers on Nifty SmallCap 50 Index
 .NISM50 
    ** Stock fell ~9% in Q3, its biggest quarterly drop since
March-qtr 2023



($1 = 83.1100 Indian rupees)

 (Reporting by Ashna Teresa Britto in Bengaluru)
 ((AshnaTeresa.Britto@thomsonreuters.com ; ( +91 8078332441))