UCO Bank slides post FY 13 Q3 numbers; NPAs disappoint

Shares of UCO Bank dropped sharply by 6 per cent following a poor set of Q3 FY 13 numbers. The net non performing asset of the bank surged to 3.32% Vs 2.94% (QoQ).

The net interest income for the bank rose to Rs 1,180 crores as against Rs 1033 year on year. The Capital Adequacy Ratio has improved to 13.19% Vs 12.27%

The shares of the bank was last trading at 67.50, down 5.4 per cent on the Bombay Stock Exchange.

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