UCO Bank has reported solid financial performance for the fiscal year ending March 31, 2026. The bank achieved a 13.21% year-on-year increase in net profit, reaching ₹2,768 crore. Total business grew by 14.95% to ₹5,90,314 crore, driven by robust performance in both retail and corporate advances. Asset quality continued to improve, with Gross NPA decreasing to 2.17%, underscoring the bank’s effective recovery strategies and operational efficiency.
Key Financial Performance Highlights
UCO Bank demonstrated resilient growth in its annual results for FY 2025-26. The bank’s Net Profit reached ₹2,768 crore, representing a 13.21% growth compared to the previous fiscal year. Operating Profit also showed steady performance, standing at ₹6,429 crore with a growth of 6.49% (Y-Y). The Net Interest Income rose to ₹10,197 crore, reflecting a 5.89% improvement.
Business Growth and Portfolio Expansion
The bank’s total business expanded significantly, closing the fiscal year at ₹5,90,314 crore, a 14.95% increase. This growth was fueled by a strong performance in advances, which rose by 19.44% to ₹2,62,752 crore. Deposits grew by 11.59% to ₹3,27,563 crore. Within the retail sector, significant growth was recorded, particularly in Vehicle Loans, which surged by 71.12%, and Retail Advances as a whole, which grew by 26.62%.
Improved Asset Quality
UCO Bank maintained its commitment to strengthening its balance sheet through consistent improvements in asset quality. The Gross NPA ratio declined to 2.17%, a reduction of 52 basis points (Y-Y). Similarly, Net NPA saw an improvement, dropping to 0.27%. The bank’s Provision Coverage Ratio (PCR) improved to 97.32%, reflecting a robust approach to risk management.
Digital Transformation and Strategic Initiatives
The bank continues to accelerate its ‘Parivartan’ digital transformation journey. Digital business has reached ₹25,350 crore+, showcasing successful digital adoption. Notable growth was observed in digital channels, with Active Retail M-Banking users growing by 55.53% (Y-Y) and WhatsApp Banking users increasing by 243.78% (Y-Y). These initiatives, along with the rollout of new digital journeys for loans and accounts, are pivotal in enhancing customer service and operational efficiency.
Source: BSE
