FilingReader Intelligence

UCO Bank reports 13.5% business growth in Q1

July 28, 2025 at 10:29 AM UTCBy FilingReader AI

UCO Bank reported total business of INR 5,23,736 crores for Q1 FY26, up 13.51% year-on-year. Deposits rose 11.37% to INR 2,98,635 crores while advances increased 16.48% to INR 2,25,101 crores.

Asset quality improved significantly with gross NPAs declining to 2.63% and net NPAs to 0.45%. Operating profit grew 18% to INR 1,562 crores and net profit increased 10% to INR 607 crores.

The bank targets 12-14% credit growth and 10-12% deposit growth for FY26.

This report was generated by FilingReader's AI system from regulatory filings and company disclosures. To request a correction, contact editorial@filingreader.com

BSE:UCOBANKBombay Stock Exchange

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