Kolkata, July 20: UCO Bank on Saturday reported 86 per cent jump in net profit for the first quarter of the current financial year at Rs 136 crore compared to Rs 73 crore in the corresponding quarter of the previous year. The bank said in a release after a board meeting on Saturday that it added Rs 238 crore to the reserve which stood at Rs 748 crore as at the end of June 30, 2003.

Operating profit at Rs 267.46 crore was higher by 91 per cent over Rs 140 crore recorded in the same quarter of the previous fiscal.
"This improved result came on the back of a 17.51 per cent growth in deposit and 21.12 per cent growth in advances, both year-on-year," the release said.
The net interest income of the bank recorded nearly 47 per cent growth to Rs 280 crore compared to the corresponding period in the previous year. Bureau Report