The government holds 90.8 per cent stake in lender as on September 30.Kolkata:State-run lender UCO Bank on Monday said central government has infused Rs 3,076 crore of capital into it by way of preferential allotment.
The government "has conveyed its decision to invest Rs 3,074 crore in equity of Bank by way of preferential allotment and Bank has received amount on Monday," it said in a regulatory filing.By end of second quarter of 2018-19 (FY19), its capital adequate ratio (Basel III) stood at 7.57 per cent as against 9.32 per cent year-ago.The government holds 90.8 per cent stake in lender as on September 30.The lender posted Rs 1,136.44 crore net loss for second quarter of FY19 against a net loss of Rs 622.56 crore for same period of previous fiscal as provision to cover bad loans increased.During September quarter this fiscal, gross non-performing assets (NPAs) in absolute terms fell marginally on quarter-on-quarter basis to Rs 29,581.49 crore from Rs 29,786.41 crore.Gross NPA as a percentage of total loans also decreased by 0.34 basis points (bps) to 25.37 per cent from 25.71 per cent during June quarter.