💠💠UCO Bank on Thursday said its first-quarter net loss narrowed on the back of higher net interest income. The bank posted a net loss of ₹601.45 crore for the three months ended 30 June, against a loss of ₹633.88 crore in the year-ago period.
Net interest income, or the difference between interest earned on loans and that paid on deposits, increased 8.71% to ₹1,334.97 crore, from ₹1,228.02 crore in the corresponding period last year.
Other income, which includes core fee income, rose 0.16% to ₹630.08 crore in the first quarter, from ₹629.08 crore a year ago.
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