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

UCO Bank's total business surged to Rs. 5,13,527 Crore as of March 31, 2025, reflecting a growth of 14.12% year-on-year (Y-o-Y). Gross advances rose 17.72% to Rs. 2,19,985 Crore, with deposits increasing by 11.56% to Rs. 2,93,542 Crore. The retail, agriculture, and MSME (RAM) sectors contributed significantly, with advances in retail up 35.09%, agriculture by 20.02%, and MSME by 18.55%. Profitability is on the rise, with net profit for the quarter reaching Rs. 652 Crore, a 23.98% increase Y-o-Y, and operating profit up 33.48% to Rs. 1,699 Crore. The bank's asset quality improved, with gross and net NPA reducing to 2.69% and 0.50%, respectively. Additionally, a dividend proposal of 3.90% per equity share was made. The positive growth indicators and strong performance in key sectors position UCO Bank favorably for future expansion and opportunities.