UCO Bank Q3 net rises 10% to Rs 333 cr

UCO Bank today posted an increase of 10% in net profit for the quarter ended December 31, 2011 at Rs 332.55 crore as compared to Rs 301.24 crore for the corresponding quarter a year ago.

Net interest income (NII) during the quarter under review marginally dipped at Rs 1,033 crore as compared to Rs 1,062 crore in the same quarter last fiscal.

'Billion-euro home' made of shredded notes

Total income to Rs 3,973.62 crore during the quarter ended December 31, 2011 from Rs 3,108.39 crore in the December quarter the previous year, according to a release filed with the Bombay Stock Exchange (BSE).

At 1300 hours, the shares of the bank was trading up 1% at Rs 70.85 apiece on the BSE

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