Uco Bank Q4 profit rises 23% as provisions fall while margins weaken

Lower provisions boost profit, but core income slips

Uco Bank’s Q4 net profit jumped 23% to Rs 801 crore, helped by lower provisions. However, operating profit fell as core and non-interest income weakened. Net interest margin slipped to 3%, even while advances grew 19.4% and deposits rose 11.6%, signaling growth alongside margin pressure.