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Informist, Saturday, Jan. 17, 2026

 

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--UCO Bank Apr-Dec total income INR 223.76 bln vs INR 213.37 bln year ago 
--UCO Bank Apr-Dec net profit INR 19.67 bln vs INR 17.93 bln year ago 
--UCO Bank Basel-III capital adequacy ratio 17.43% as on Dec 31 
--UCO Bank net NPA ratio 0.36% as on Dec 31 vs 0.43% qtr ago, 0.63% yr ago 
--UCO Bank gross NPA ratio 2.41% as on Dec 31 vs 2.56% qtr ago, 2.91% yr ago 
--UCO Bank Oct-Dec NPA provisions INR 2.79 bln vs INR 2.63 bln year ago 
--UCO Bank Oct-Dec provisions INR 5.25 bln vs INR 5.90 bln year ago 
--UCO Bank Oct-Dec total income INR 75.21 bln vs INR 74.06 bln year ago 
--UCO Bank Oct-Dec net profit INR 7.40 bln vs INR 6.39 bln year ago

 

By Pratiksha

 

NEW DELHI – UCO Bank's net profit for the quarter ended December rose for the sixth consecutive quarter on year due to a fall in provisions and operating expenses. However, a decline in the lender's other income ate into its bottom line. The Kolkata-based lender's bottom line for Oct-Dec rose 16% on year to INR 7.40 billion. The net profit rose over 19% on quarter.

 

The bank's provisions and contingencies fell for the first time in six quarters, declining 11% on year to INR 5.25 billion in the December quarter. However, the provisions on non-performing assets rose to INR 2.79 billion from INR 2.63 billion reported a year ago. The bank held COVID-19-related provisions worth INR 5.30 billion as of Dec. 31.

 

The state-owned bank's total expenses were broadly steady on year at INR 58.41 billion for the reporting quarter. Of this, operating expenses fell over 7% on year to INR 18.35 billion while interest expenses rose over 4% to INR 40.06 billion. 

 

The bank's total income rose just 1.6% on year to INR 75.21 billion in the December quarter. Of this, other income declined almost 27% on year to INR 8.69 billion. However, interest income rose almost 7% on year to INR 66.52 billion. The bank's net interest income – the difference between interest earned and expended – for the December quarter was up over 11% on year at INR 26.46 billion.

 

The lender's asset quality improved both sequentially and annually, which supported the bottom line. At the end of the December quarter, the bank's net non-performing asset ratio improved to 0.36% from 0.43% a quarter ago and 0.63% a year ago. Gross non-performing asset ratio improved to 2.41% from 2.56% a quarter ago and 2.91% a year ago. The provision coverage ratio was 97.32% at the end of December.

 

The bank's business performance was steady, with global advances and global deposits rising nearly 17% on year and 11% on year to INR 2.44 trillion and INR 3.10 trillion, respectively, as of Dec. 31. The bank's domestic advances rose over 17% on year to INR 2.15 trillion as of Dec. 31. Retail advances were up over 28% on year at 641.59 billion at the end of December. Within this, the bank's home loan book grew nearly 19% on year to INR 316.34 billion. The bank's vehicle book continued to grow sharply at almost 74% on year to INR 71.68 billion as on Dec. 31, while agriculture loan book grew almost 25% on year to INR 349.54 billion, and the micro, small and medium enterprise book increased nearly 24% on year to INR 448.06 billion. The corporate loan book grew just over 3% on year to INR 713.25 billion.

 

Within global deposits, the domestic deposits were up over 10% on year at INR 2.92 trillion and overseas deposits were up over 18% on year at INR 183.13 billion. The credit-deposit deposits ratio rose to 78.56% from 75.47% a quarter ago and 74.45% a year ago. The public-sector bank's domestic net interest margin was 3.27% in Oct-Dec, up from 3.08% a quarter ago but down from 3.88% a year ago. The lender's global net interest margin was 3.08%, up from 2.90% a quarter ago but down from 3.17% a year ago.

 

The lender's domestic current account savings account ratio at the end of December was 38.41%, higher than 38.11% at the end of September and 37.97% at the end of December last year. The cost of deposits during the quarter under review was 4.66%, lower than 4.73% in Jul-Sept and 4.90% in the December quarter last year. The capital adequacy ratio based on Basel III norms was 17.43% at the end of December, lower than 17.89% a quarter ago but higher than 16.25% a year ago.

 

For Apr-Dec, the bank's net profit was INR 19.67 billion, up almost 10% on year. Total revenue from operations for the nine months to December was INR 223.76 billion, up 5% on year. On Friday, shares of the bank ended at INR 29.66 on the National Stock Exchange, up almost 1% from the previous close.  End

 

Edited by Ashish Shirke

 

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