UCO Bank announced Q1FY25 results: Business Growth - Total Business grew by 11.46% to Rs 4,61,408 crore on YoY, wherein Gross Advances increased by 17.64% to Rs 1,93,253 crore on YoY & Total Deposits grown by 7.39% on YoY to Rs 2,68,155 crore. Improved Profitability & Return - Net profit for the quarter ending 30.06.2024 stood at Rs 551 crore as against Rs 223 crore for the same period of preceding year, registering a growth of 147.09% YoY. Operating Profit for the quarter ended 30.06.2024 stood at Rs 1,321 crore showing an increase of 9.81% on YoY basis. Advances in Retail, Agriculture & MSME (RAM) Sectors - RAM segment of the Bank increased by 18.65% to Rs 1,01,986 crore on YoY backed by 21.84% YoY growth in Retail advances, 19.64% YoY growth in Agriculture advances and 14.04% YoY growth in MSME advances. Reduction in NPA - Gross NPA reduced by 116 bps YoY to 3.32% as on 30.06.2024 whereas Net NPA reduced by 40 bps YoY to 0.78% as on 30.06.2024. Strong Capital Adequacy Ratio - Capital Adequacy Ratio (CRAR) improved by 24 bps YoY to 17.09 % as on 30.06.2024 wherein Tier 1 Capital Ratio improved by 59 bps YoY to 14.75% as on 30.06.2024. Credit to Deposit Ratio registered an improvement of 636 bps to 72.07% on YoY basis. Result PDF