Kolkata, April 30 -- Public sector lender UCO Bank reported a 9.5% decrease in year-on-year net profit for the March quarter, totaling Rs 526 crore, primarily attributed to increased operating expenses, compared to the net profit of Rs 581 crore in the corresponding period last year.

The banks net profit for the entire fiscal year declined to Rs 1,654 crore from Rs 1,862 crore in the previous fiscal year.

Net Interest Income (NII) for FY24 stood at Rs.8101 crore registering a growth of 10.32% on the y-o-y basis as against Rs.7343 crore for the twelve months ended 31.03.2023.

During the period the bank said it showed consistent growth where the total business grew by 9.50% y-o-y to Rs 450007 crore and 3.34% from Rs. 435456 crore q-o-q....