Kolkata: UCO Bank, a public sector lender, has posted a 10.16% year-on-year (YoY) rise in net profit to ₹607 crore for the first quarter of FY 2025–26, compared to ₹551 crore in Q1FY25. The bank’s total business surged by 13.51% YoY, reaching ₹5.23 lakh crore, driven by double-digit growth in both advances and deposits.
Key Financial Highlights (Q1FY26)
- Net Profit: ₹607 crore (↑10.16% YoY)
- Operating Profit: ₹1,562 crore (↑18.24% YoY)
- Gross Advances: ₹2,25,101 crore (↑16.48% YoY)
- Total Deposits: ₹2,98,635 crore (↑11.37% YoY)
Total Business: ₹5,23,736 crore
The Retail, Agriculture, and MSME (RAM) segment continued its upward momentum, recording a 23.47% YoY rise to ₹1,25,927 crore. Retail loans grew 30.73%, agriculture 15.46%, and MSME loans increased by 20.33%.
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Improving Asset Quality
UCO Bank reported continued improvement in asset quality:
- Gross NPA: Down to 2.63%, a reduction of 69 basis points (bps) YoY
- Net NPA: Down to 0.45%, a reduction of 33 bps YoY
This reflects the bank’s enhanced credit monitoring and recovery mechanisms.
Strong Capital and Liquidity Metrics
- Capital Adequacy Ratio (CRAR): 18.39%
- Tier I Capital Ratio: 16.36%
- Credit to Deposit Ratio: 75.38%
These figures indicate a well-capitalized position, exceeding the regulatory minimum requirements, thus giving the bank adequate headroom for future credit growth.
Market Performance
Despite the strong earnings, UCO Bank shares closed slightly lower on July 21 at ₹31.79, down by 1.06% on the BSE.
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Management Outlook
Bank officials are optimistic about sustaining the momentum through the rest of the fiscal year, citing strong demand in the RAM segment and continuing efforts to improve digital infrastructure and customer services.
About UCO Bank
UCO Bank, formerly known as United Commercial Bank, is a leading public sector bank in India, established in 1943 and headquartered in Kolkata. Owned by the Government of India, the bank offers a wide range of financial products and services including retail banking, corporate banking, international banking, and treasury operations. With a strong presence across urban and rural India through its extensive branch and ATM network, UCO Bank plays a key role in promoting financial inclusion and supporting priority sectors such as agriculture and MSMEs.
