UCO Bank — Important, 03-01-2025: Updates

UCO Bank has disclosed its financial performance with key highlights up to December 2024. Total business reached ₹4.88 crore, marking a quarter-on-quarter increase of 2.95% and a year-on-year growth of 12.18%. Total advances stood at ₹2.08 crore, showing a Q-o-Q growth of 5.05% and a Y-o-Y rise of 16.20%. Total deposits increased to ₹2.80 crore, with a Q-o-Q growth of 1.45% and a Y-o-Y increase of 9.37%. Domestic advances and deposits were ₹1.83 crore and ₹2.65 crore, respectively, with domestic advances climbing by 5.17% quarter-on-quarter and 18.83% year-on-year. The CASA ratio for domestic operations reflected a slight dip to 37.96%, while the credit-deposit (CD) ratio improved to 74.55%. These figures suggest a positive outlook for UCO Bank, indicating steady growth in lending and deposit mobilization.