UCO Bank Q1 Net Rises 10.2% on higher net interest income

Mumbai: UCO Bank reported a 10.16% year-on-year (YoY) rise in standalone net profit at Rs 607 crore for the quarter ended June 30, 2025, driven by higher interest income and a sharp increase in other income, even as expenses and provisions also rose during the period.

At the end of the quarter, the bank’s deposits grew 11.4% YoY to Rs 2.98 lakh crore while gross advances rose 16.5% to Rs 2.25 lakh crore. “The profit is because of the increase in interest and non-interest income, coupled with the containment of operating expense increase at 4%,” said Ashwani Kumar, MD & CEO, UCO Bank.

Net interest income for the quarter ended June 25 stod at Rs 2403 crore, an increase of 6.61% year on year from Rs 2254 crore in the corresponding period last year. Gross NPAs fell 69 basis points to 2.63%, while net NPAs dropped 33 bps to 0.45%. Provision coverage ratio stood at 96.88%.

The credit-deposit ratio was 75.4%, while the capital adequacy ratio was 18.39%, with Tier 1 capital at 16.36%. Business per employee improved to Rs.24.64 crore. The bank was awarded second position in digital payments for FY25 and named second runner-up under the “top improvers” category in the EASE 7.0 index.

As of June 2025, the bank had 3,305 domestic branches, 2 overseas branches (in Hong Kong and Singapore), and a representative office in Iran. It operated 2,575 ATMs and 10,920 business correspondent points.



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