UCO Bank Q1 Financial Highlights

Mumbai: UCO Bank has announced a significant 10.16% year-on-year increase in its standalone net profit, reaching Rs 607 crore for the quarter ending June 30, 2025. This remarkable growth is attributed to higher interest income and a notable rise in other income, despite the uptick in expenses and provisions during the same period.

Deposits and Advances Growth

The bank witnessed an 11.4% YoY growth in deposits, amounting to Rs 2.98 lakh crore, while gross advances surged by 16.5% to Rs 2.25 lakh crore. Ashwani Kumar, MD & CEO of UCO Bank, highlighted that the profit boost was driven by increased interest and non-interest income, alongside a controlled 4% rise in operating expenses.

Financial Health and Achievements

Net interest income for the quarter stood at Rs 2403 crore, marking a 6.61% increase from the previous year. The bank also reported improvements in asset quality, with gross NPAs decreasing to 2.63% and net NPAs to 0.45%. UCO Bank's provision coverage ratio was robust at 96.88%, and it achieved a capital adequacy ratio of 18.39%, with Tier 1 capital at 16.36%.

Additionally, UCO Bank was recognized for its excellence in digital payments and was named a top improver in the EASE 7.0 index, showcasing its commitment to innovation and customer service.

Global Presence

As of June 2025, UCO Bank operates 3,305 domestic branches, 2 overseas branches in Hong Kong and Singapore, and a representative office in Iran, supported by a vast network of ATMs and business correspondent points.