UCO Bank — Important, 28-04-2025: Updates

**Financial Highlights:** UCO Bank reported a robust performance for the financial year 2024-25, with net profit soaring by 47.80% to ₹2,445 Cr, driven by significant growth in both net interest income and non-interest income. The bank achieved a net interest income of ₹9,630 Cr, reflecting an 18.88% year-on-year increase, while non-interest income surged 34.91% to ₹4,406 Cr. Operating profit also witnessed strong growth of 31.92%, reaching ₹6,037 Cr.

**Strategic Initiatives and Growth Drivers:** The bank's total business crossed ₹513,527 Cr with a commendable 14.12% year-on-year growth, influenced by a credit growth of 17.72%. UCO Bank is focusing on enhancing its digital banking capabilities and expanding its product offerings to capture a larger market share in retail and MSME sectors.

**Business Developments:** UCO Bank has signed a memorandum of understanding with PSB Alliance to provide integrated Supply Chain Finance solutions for MSMEs, which is expected to enhance financial access for small businesses.

**Market Position and Competitive Advantage:** The bank maintains a strong asset quality with a gross NPA ratio of 2.69% and net NPA at 0.50%, positioning itself favorably among peers.

**Investor Implications:** With solid financial results and an ongoing commitment to digital transformation, investors can view UCO Bank's outlook positively, anticipating further growth opportunities in the upcoming year.