UCO Bank has reported a net profit of Rs 656 crore for the quarter ended June 30, 2026, registering a growth of 8.05 per cent from Rs 607 crore in the corresponding quarter of the previous financial year. The bank’s operating profit increased 79.84 per cent year-on-year to Rs 2,810 crore.
The bank’s total business stood at Rs 6,05,083 crore as on June 30, 2026, reflecting a growth of 15.53 per cent year-on-year. Gross advances rose 21.18 per cent to Rs 2,72,768 crore, while total deposits increased 11.28 per cent to Rs 3,32,315 crore.
CASA deposits grew 12.34 per cent year-on-year to Rs 1,16,136 crore, with the CASA ratio standing at 36.94 per cent. Savings deposits increased 11.78 per cent, while current deposits rose 16.23 per cent during the period.
Advances under the Retail, Agriculture and MSME (RAM) segment grew 25.27 per cent year-on-year to Rs 1,57,745 crore. Retail advances increased 27.32 per cent, agriculture advances rose 30.01 per cent and MSME advances grew 18.79 per cent.
Net Interest Income (NII) increased 16.86 per cent year-on-year to Rs 2,808 crore, while the Global Net Interest Margin (NIM) improved to 3.05 per cent and Domestic NIM to 3.24 per cent. Fee-based income grew 35.12 per cent to Rs 505 crore, while the cost-to-income ratio stood at 37.49 per cent.
The bank continued to improve its asset quality during the quarter. Gross Non-Performing Assets (GNPA) declined to 2.08 per cent from 2.63 per cent a year ago, while Net Non-Performing Assets (NNPA) reduced to 0.25 per cent from 0.45 per cent. The Provision Coverage Ratio stood at 97.85 per cent and the Capital Adequacy Ratio improved to 19.03 per cent, with Tier I Capital Ratio at 17.44 per cent.
UCO Bank also reported improvements in operational efficiency, with business per employee increasing to Rs 28.47 crore and business per branch rising to Rs 176.77 crore. As of June 30, 2026, the bank operated 3,421 domestic branches, along with overseas branches in Hong Kong and Singapore and a representative office in Iran.
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