UCO Bank's Impressive Growth in Credit and Deposits
State-owned UCO Bank has posted a 16.6% growth in credit, reaching Rs 2.31 lakh crore in Q2 FY26. The bank's total deposits increased by 10.8% to Rs 3.06 lakh crore, boosting its total business by 13.2%. Its credit-deposit ratio also improved to 75.56%.
- Country:
- India
In a remarkable financial performance, state-owned UCO Bank has reported a substantial 16.6% growth in credit, propelling its figures to Rs 2.31 lakh crore for the second quarter of FY26. The Kolkata-based lender continues to display robust growth metrics, reflecting its strategic operational advancements.
The bank's total deposits saw a healthy increase of 10.8%, reaching Rs 3.06 lakh crore compared to the previous fiscal period's Rs 2.76 lakh crore. This deposit upsurge has further strengthened UCO Bank's financial standing, bringing its total business to an impressive Rs 5.37 lakh crore, a 13.2% rise year-on-year.
Notably, UCO Bank's credit-deposit ratio improved significantly, climbing from 71.77% to 75.56% by the end of September 2025. This underlines the bank's efficiency in utilizing its deposit resources to extend credit, maintaining a balanced growth trajectory in the competitive banking sector.
(With inputs from agencies.)
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