More Stories

Informist, Wednesday, Jul. 22, 2026

 

Please click here to read all liners published on this story

--UCO Bank Apr-Jun net profit INR 6.56 bln vs INR 6.07 bln year ago 
--UCO Bank Apr-Jun total income INR 86.82 bln vs INR 74.33 bln year ago 
--UCO Bank net NPA ratio 0.25% on Jun 30 vs 0.27% qtr ago, 0.45% yr ago 
--UCO Bank gross NPA ratio 2.08% on Jun 30 vs 2.17% qtr ago, 2.63% yr ago 
--UCO Bank Apr-Jun NPA provisions INR 2.54 bln vs INR 4.63 bln year ago 
--UCO Bank Apr-Jun provisions INR 2.35 bln vs INR 6.16 bln year ago 
--UCO Bank provision coverage ratio at 97.85% on Jun 30 
--UCO Bank Apr-Jun net interest income INR 28.08 bln, up 16.9% on year 
--UCO Bank Apr-Jun global net interest margin 3.05% vs 3.00% qtr ago 
--UCO Bank Apr-Jun net interest margin 3.05% vs 3.00% qtr ago 
--UCO Bank Basel-III capital adequacy ratio 19.03% on Jun 30 
--UCO Bank Q1 global NIM of 3.05% higher than FY27 guidance of 2.8-2.9% 
--UCO Bank Apr-Jun cost of deposits 4.70% vs 4.65% qtr ago, 4.84% yr ago 
--UCO Bank Apr-Jun cost of funds 4.36% vs 4.47% qtr ago, 4.73% yr ago 
--UCO Bank Q1 global yield on advances 7.79% vs 7.82% qtr ago, 8.26% yr ago 
--UCO Bank Apr-Jun fresh slippages INR 4.24 bln vs INR 6.08 bln year ago
--UCO Bank Q1 cash recoveries, upgrades INR 2.17 bln vs INR 2.58 bln yr ago 

 

By Pratiksha

 

NEW DELHI – UCO Bank's net profit for the quarter ended June rose on year for the ninth consecutive quarter as provisions fell at the fastest pace in 17 quarters and other income jumped. However, a surge in tax outgo ate into the lender's bottom line.

 

The Kolkata-based lender's bottom line for Apr-Jun rose over 8% on year to INR 6.56 billion. The net profit, however, fell over 18% on quarter.

 

The bank's provisions and contingencies declined 62% on year to INR 2.35 billion in the June quarter. The provisions on non-performing assets rose to INR 2.54 billion from INR 4.63 billion reported a year ago. 

 

The state-owned lender's tax outgo for the quarter jumped a whopping 466% on year to INR 19.19 billion. The bank's total expenses were flat on year at INR 58.73 billion for the reporting quarter. Of this, operating expenses fell over 8% on year to INR 16.85 billion while interest expenses rose almost 4% to INR 41.88 billion. 

 

The bank's total income grew the most in seven quarters, rising almost 17% on year to INR 86.82 billion in the June quarter. Of this, other income jumped over 69% on year to INR 16.86 billion. Interest income rose almost 9% on year to INR 69.96 billion. The bank's net interest income for the June quarter was up almost 17% on year at INR 28.08 billion.

 

The lender's asset quality improved annually, which supported the bottom line. At the end of the June quarter, the bank's gross non-performing asset ratio improved to 2.08% from 2.63% a year ago and 2.17% a quarter ago. Net non-performing asset ratio improved to 0.25% from 0.45% a year ago. The net NPA ratio was at 0.27% as of Mar. 31. The provision coverage ratio was 97.85% at the end of June.

 

The bank's business performance was healthy, with global advances rising over 21% on year to INR 2.73 trillion as of Jun. 30 and global deposits rising over 11% on year to INR 3.32 trillion. The bank has guided for a 10-12% annual deposit growth and a 12-14% credit growth for 2026-27 (Apr-Mar).

 

The bank's domestic advances rose over 22% on year to INR 2.44 trillion as of Jun. 30. Within this, retail advances were up over 27% on year at INR 715.49 billion while the agriculture loan book grew 30% on year to INR 389.52 billion, and the micro, small and medium enterprises book increased nearly 19% on year to INR 472.44 billion.

 

The home loan book grew nearly 20% on year to INR 345.96 billion and the vehicle book continued to grow sharply at over 65% on year to INR 87.39 billion as of Jun. 30. The personal loan book grew less than 6% on year to INR 26.45 billion--posting the slowest growth in the retail loan book.

 

Within global deposits, domestic deposits were up over 12% on year at INR 3.14 trillion while overseas deposits declined over 3% on year at INR 179.03 billion. The lender's credit-deposit ratio rose to 82.08% from 80.21% a quarter ago and 75.38% a year ago. 

 

The public-sector bank's domestic net interest margin was 3.24% in Apr-Jun, up from 3.19% a quarter ago and 3.18% a year ago. The lender's global net interest margin rose to 3.05% from 3.00% a quarter ago and 2.96% a year ago. The lender has guided for global net interest margin of 2.8-2.9% in FY27. 

 

The lender's domestic current account savings account ratio was 36.94% at the end of June, lower than 38.65% at the end of March but marginally higher than 36.91% at the end of June last year. The cost of deposits during the quarter under review was 4.70%, lower than 4.65% in Jan-Mar and 4.84% in the June quarter last year. The capital adequacy ratio based on Basel III norms was 19.03% at the end of June, lower than 18.61% a quarter ago and 18.39% a year ago.

 

The lender's cost of funds fell to 4.36% in the June quarter from 4.47% a quarter ago and 4.73% a year ago. It global yield on advances also fell to 7.79% from 7.82% a quarter ago and 8.26% a year ago. 

 

The bank's fresh slippages fell to INR 4.24 billion in the June quarter from INR 6.08 billion a year ago. Its cash recoveries and upgrades also fell to INR 2.17 billion from INR 2.58 billion a year ago.

 

On Wednesday, shares of the bank ended at INR 26.55 on the National Stock Exchange, down over 1% from the previous close. The bank announced its earnings for the June quarter after market closing. End

 

Edited by Akul Nishant Akhoury

 

For users of real-time market data terminals, Informist news is available exclusively on the NSE Cogencis WorkStation.

 

Cogencis news is now Informist news. This follows the acquisition of Cogencis Information Services Ltd. by NSE Data & Analytics Ltd., a 100% subsidiary of the National Stock Exchange of India Ltd. As a part of the transaction, the news department of Cogencis has been sold to Informist Media Pvt. Ltd.

 

Informist Media Tel +91 (11) 4220-1000

Send comments to feedback@informistmedia.com

 

© Informist Media Pvt. Ltd. 2026. All rights reserved.