UCO Bank has reported a 46% year-on-year (YoY) increase in its Net Interest Income (NII) for the second quarter of FY25. The NII for Q2 FY25 stands at ₹2,300.34 crore, up from ₹1,577.74 crore in the same quarter last year.
Key financial highlights for Q2 FY25 include:
- Operating profit: ₹1,431.60 crore, compared to ₹1,321.23 crore in Q2 FY24.
- Net profit: ₹602.74 crore, up from ₹409.57 crore in the same period last year.
This significant increase in NII reflects UCO Bank’s improved interest income and effective management of its interest expenses, contributing to its strong financial performance in the quarter.
