UCO Bank reports strong Q2, half-year performance with business and profit growth

UCO Bank released its unaudited financial results for Q2 and H1 FY 2025-26, highlighting a 13.23% year-on-year increase in total business to ₹5,36,398 Crore. Gross advances grew by 16.56% to ₹2,30,702 Crore, while total deposits rose by 10.85% to ₹305,697 Crore. The bank's net profit for Q2 increased by 2.82% to ₹620 Crore, with operating profit climbing 12.64% to ₹1,613 Crore.

Asset quality improved significantly, with Gross NPA reducing by 62 bps year-on-year to 2.56% and Net NPA decreasing by 30 bps to 0.43% as of September 30, 2025. The Capital Adequacy Ratio (CRAR) stood at 17.89%, with Tier I Capital Ratio at 15.90%. The bank also reported strong growth in Retail, Agriculture, and MSME (RAM) sectors, which collectively increased by 22.87% to ₹1,32,946 Crore.

In terms of digital transformation, the bank reported 6x YoY growth in digital advances and 48x YoY growth in digital renewals, indicating increased digital adoption. UCO Bank was also awarded Runner-up for Best Performance on Growth (Mid-Size Public Sector Bank) at the 3rd Emerging Asia Banking Awards 2025 by the Indian Chamber of Commerce (ICC).