UCO Bank, Punjab & Sind Bank Q3 Results: Double-Digit Profit Growth, Improved Asset Quality

• UCO Bank and Punjab & Sind Bank reported strong Q3 results with double-digit profit growth.
• UCO Bank's net profit rose 15.8% to ₹739.5 crore, with NII up 11.3% to ₹2,646 crore.
• Punjab & Sind Bank's net profit increased 19.3% to ₹336.4 crore, and NII grew 5% to ₹986.2 crore.
• Both banks showed significant improvement in asset quality, with reduced Gross and Net NPAs.
• The positive results may influence stock performance in the upcoming trading session.

Why It Matters: Public sector banks UCO Bank and Punjab & Sind Bank delivered strong Q3 profits and improved asset quality.