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UCO Bank stock falls 4% post Q4FY18 numbers

The bank has reported a net loss of Rs2,134.36cr, against loss of Rs588.19cr reported in the corresponding quarter last year.

Shares of UCO Bank fell over 4% on the BSE. The company’s revenue for Q4FY18 declined by 12.3% yoy to Rs3,424.65cr. Its NII for the quarter came at Rs807.89cr as against Rs609.3cr yoy, which has increased by 32.6% yoy.

The bank has reported a net loss of Rs2,134.36cr, against loss of Rs588.19cr reported in the corresponding quarter last year.

Its GNPA for Q4FY18 stood at 24.64% against 17.12% yoy, which has increased by 219bps. NNPA for the quarter came at 13.1% against 8.94% yoy, which has increased by 416bps. The provision for the quarter came at Rs2,239.01cr as against Rs701.02cr yoy.

The stock is currently trading at Rs18.30 down by Rs0.8 or 4.19% from its previous closing of Rs19.10 on the BSE.

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