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Informist, Friday, Oct. 17, 2025

 

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--UCO Bank Jul-Sept net profit INR 6.20 bln vs INR 6.03 bln year ago 
--UCO Bank Jul-Sept total income INR 74.21 bln vs INR 70.71 bln year ago 
--UCO Bank gross NPA ratio 2.56% as on Sept 30 vs 2.63% qtr ago, 3.18% yr ago 
--UCO Bank net NPA ratio 0.43% as on Sept 30 vs 0.45% qtr ago, 0.73% yr ago 
--UCO Bank Jul-Sept provisions INR 5.88 bln vs INR 4.93 bln year ago 
--UCO Bank Jul-Sept NPA provisions INR 4.05 bln vs INR 6.09 bln year ago 
--UCO Bank Basel-III capital adequacy ratio 17.89% as on Sept 30 
--UCO Bank Apr-Sept net profit INR 12.27 bln vs INR 11.54 bln year ago 
--UCO Bank Apr-Sept total income INR 148.55 bln vs INR 139.31 bln year ago

 

By Kabir Sharma

 

MUMBAI – A fall in provisions for non performing assets and a rise in interest income helped UCO Bank report a slight increase in its net profit for the September quarter. The profit could have been sharply higher if not for the steep fall in the bank's other income. Sequentially, too, the bank's bottom line rose by a small margin. 

 

The Kolkata-based bank reported a net profit of INR 6.20 billion for the quarter ended September, a mere 2.8% increase over the year-ago period. Compared with the previous quarter, the bottom line was up just 2.1%.  

 

A healthy growth in advances also supported the bank's net profit. UCO Bank's total advances rose 16.7% on year and 2.7% on quarter to INR 2.31 trillion as of Sept. 30. The bank's domestic advances grew 17.2% on year to INR 2.04 trillion.

 

UCO Bank's total deposits rose 10.9% on year and 2.3% sequentially to INR 3.06 trillion as of Sept. 30, the bank informed exchanges. Domestic deposits rose 9.9% on year to INR 2.90 trillion. The total business of the bank grew 13.3% on year to INR 5.37 trillion as of September end.

 

Provisions for non-performing assets fell 34% on year to INR 4.05 billion in Jul-Sept. The fall in provisioning for bad assets was despite a rise in overall provisions of the bank. Total provisions and contingencies of the bank rose 19% on year to INR 5.88 billion. 

 

Interest income of the bank rose 7.6% on year to INR 65.37 billion. However, the rise in interest income was more than offset by an 11?ll in other income which was at INR 8.84 billion in the reporting quarter. Net interest income of the bank rose 10% on year to INR 23.01 billion. The domestic net interest margin of the bank fell to 3.08% in the latest quarter from 3.18% a quarter ago and 3.30% year ago. Total income of the bank rose just 5% on year to INR 74.21 billion in the reporting quarter. 

 

In Jul-Sept, the bank reported exceptional interest income of INR 1.07 billion, including which the net interest margin would have been 3.23%, it said. 

 

In terms of asset quality, the gross non performing asset ratio of the bank improved to 2.56% from 2.63% a quarter ago and 3.18% a year ago. Net NPA ratio of the bank was 0.43% from 0.45% a quarter ago and 0.73% year ago. Slippage ratio of the bank also improved to 1.05% in the reporting quarter from 1.18% quarter ago. 

 

For Apr-Sept, the state-owned lender reported the net profit of INR 12.27 billion, up 6.4% on year. Total income for the same period was at INR 148.55 billion up 6.6% on year. Post the announcement of its earnings, shares of the bank traded 1.8% lower at INR 30.86 on the National Stock Exchange at 1449 IST.  End

 

Edited by Akul Nishant Akhoury

 

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