UCO Bank — Investor Meet, 24-10-2024: Analysts/Institutional Investor Meet/Con. Call Updates

UCO Bank reported a strong performance in Q2 FY25, with a 13.56% year-on-year growth in global business, driven by a 10.57% increase in deposits and an 18% rise in advances. Net profit reached Rs. 603 crores, up 50% YoY. Asset quality improved, with gross NPA at 3.18%. The bank is focusing on digital transformation and targeting an 8-10% deposit growth, alongside various initiatives aimed at enhancing CASA and loan products.