UCO Bank’s net profit surged 16% to Rs 739 crore in the third quarter, driven by a 11% rise in net interest income. The bank also saw its non-performing assets ratio decline to 2.4% and gross advances grow 17%, supported by strong retail, agriculture, and MSME loan expansion.
Tamilnad Mercantile Bank Q1 profit jumps 35% on strong income growth
Tamilnad Mercantile Bank reported a 35% year-on-year rise in June quarter net profit to Rs 412 crore, driven by higher income and net interest income.