SummaryUCO bank reported a 9.62% growth year-on-year in total business at ₹4.5 lakh crore for the quarter ended March 31, 2024.Shares of UCO Bank Ltd gained 2.5% on Tuesday, April 9, after the public sector lender reported a nearly 16% jump in advances for the fourth quarter of the financial year 2023-24.
The public sector lender in its business update for the March quarter and full financial year 2023-24 (FY24) filed with the stock exchanges reported that its advances increased 15.92% to ₹1.87 lakh crore in the March quarter against ₹1.62 lakh crore in the corresponding period a year ago.
Its gross advances also increased marginally quarter-on-quarter (QoQ) compared to ₹1.79…
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