Kolkata, April 28 (PTI) UCO Bank reported on Monday that consolidated net profit rose by nearly 24% year-on-year ₹For the quarter ended in March, the quarter was 6.6572 million.
The bottom line of state-owned lenders stands at ₹The corresponding quarter a year ago was 53786 million.
The combined total revenue during the review period is ₹81,36 million, from ₹It said 69.84 million a year ago.
For the entire year ended March 31, 2025, UCO Bank’s consolidated net profit was ₹2.468 billion ₹It was 16.71 million in fiscal year 2023-24.
The bank’s asset quality has improved, with the total non-performing assets (NPA) ratio falling from 3.46% a year ago to 2.69%, while the net NPA value dropped from 0.89% to 0.50%. The coverage rate provided is 96.69%.
The lender’s total business grew 14.12% year-on-year ₹5,135.27 million as of March ₹219,985 million, total deposits increased by 11.56 cents ₹293,542 million.
Retail, Agriculture and MSME (RAM) portfolios grew 25.74% yearly ₹1,226.13 million, the retail industry grew by 35.09%, agricultural development grew by 20.02%, and MSME loans grew by 18.55%.
As of March 31, UCO Bank had 3,302 domestic branches, two overseas branches (Hong Kong and Singapore), and a representative office in Iran.
Government holdings in the latest quarter were diluted from 95.39% to 90.95% due to capital infusion.
