UCO Bank's Q3FY25 results: Net profit rises 27% on better margins

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Net NPAs also declined to 0.63 per cent in December 2024 from 0.98 per cent in December 2023.

The share of low-cost deposits—current account and savings account (CASA)—increased to 37.9 per cent in December 2024 from 37.6 per cent a year ago.

The GoI’s stake stood at 95.39 per cent in the bank at the end of December 2024.

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Category: BusinessFinance

Markets: India

Topics: UCO Bank Q3FY25 results Net profit Public sector lender Net interest income

Source Website Secure: Yes (HTTPS)

News Sentiment: Neutral

Fact Checked: Legitimate

Article Type: News Report

Published On: 2025-01-21 @ 17:05:55 (15 hours ago)

News Timezone: GMT +5:00

News Source URL: business-standard.com

Language: English

Article Length: 520 words

Reading Time: 3 minutes read

Sentences: 24 lines

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Copyright Owner: © Business Standard

News ID: 25316870

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