State-owned UCO Bank on Tuesday reported a significant 22.66% year-on-year (Y-o-Y) increase in net profit for the fourth quarter ending March 31, 2026, reaching ₹801 crore compared to ₹653 crore in the corresponding period last year. The bank also announced a dividend of 44 paise per equity share (4.40%) for the financial year 2025-26.
The bank’s total business surpassed the ₹5.9 lakh crore mark, standing at ₹5,90,314 crore as of March 31, 2026, reflecting a growth of 14.95%. This expansion was driven by a sharp 19.44% rise in gross advances, which reached ₹2,62,752 crore. On the liability side, total deposits grew by 11.59% to ₹3,27,563 crore.
Key highlights of the bank’s performance include:
Total CASA (Current Account Savings Account) deposits rose by 12.46% to ₹1,17,752 crore, with the CASA ratio improving by 74 basis points to 38.65%.
Advances in Retail, Agriculture, and MSME (RAM) sectors saw a combined growth of 24.23%. Within this, retail advances grew by 26.62%, fueled by a massive 71.12% surge in vehicle loans and a 19.11% rise in home loans.
The CD ratio improved to 80.21% from 74.94% in the previous year.
UCO Bank demonstrated a marked improvement in asset quality. The Gross Non-Performing Asset (GNPA) ratio fell by 52 basis points to 2.17%, while the Net NPA (NNPA) ratio dropped to a slim 0.27%. The Provision Coverage Ratio (PCR) remained exceptionally high at 97.79%.
Operational efficiency also saw gains, with the “Business per Employee” increasing to ₹28.08 crore from ₹24.35 crore a year ago. The bank’s Cost to Income ratio improved significantly by 581 basis points to 52.66% for the quarter.
For the full financial year 2025-26, the bank recorded a net profit of ₹2,768 crore, a 13.21% increase over the ₹2,445 crore earned in FY2024-25. Net Interest Income (NII) for the year stood at ₹10,197 crore, growing by 5.89%.
As of March 31, 2026, UCO Bank operates through 3,412 domestic branches, two overseas branches in Hong Kong and Singapore, and a representative office in Iran. Notably, 61% of its domestic branches are located in rural and semi-urban areas, emphasizing the bank’s focus on financial inclusion.
