UCO Bank's Steady Climb: Profit Surges Amid Strong Advances

UCO Bank, a state-run lender, announced a notable 10.16% year-on-year increase in net profit, reaching Rs 607 crore in the first quarter of the 2025-26 fiscal year. This increase was spearheaded by substantial growth in advances and enhanced asset quality, according to the bank's MD and CEO Ashwini Kumar.

The bank's total business climbed 13.51% to Rs 5,23,736 crore as of June 30, 2025, supported by a 16.48% surge in gross advances. Retail, agriculture, and MSME segments saw significant growth, especially in retail advances, which jumped by 30.73%. UCO Bank also reported improved net interest income and operating profit.

Looking ahead, the bank is optimistic about controlled retail slippages and plans to expand its corporate loan book. Improved asset quality saw NPAs decline, while the capital adequacy ratio remained strong at 18.39%. As of June, UCO Bank operated 3,305 branches globally.

(With inputs from agencies.)