UCO Bank announced Q3FY25 results Total Business grew by 12.28% YoY to Rs 4,88,911 crore as on Q3FY25 from Rs 4,35,456 crore as on Q3FY24. Total Deposits increased by 9.36% YoY basis to Rs 2,80,256 crore as on Q3FY25 from Rs 2,56,261 crore as on Q3FY24. Gross Advances grew 16.44% YoY to Rs 2,08,655 crore as on Q3FY25 as against Rs 1,79,195 crore as on Q3FY24. RAM (Retail, Agri & MSME) business stood at Rs 1,14,350 crore as on Q3FY25 as against Rs 93,720 crore as on Q3FY24, registering a growth of 22.01% YoY basis. Retail Advances stood at Rs 50,055 crore as on Q3FY25 as against Rs 38207 crore as on Q3FY24 registering a growth of 31.01% YoY basis, backed by growth in Home loan and Vehicle loan portfolio which registered a growth of 19.35% and 51.93% respectively on YoY basis. Agriculture Advances stood at Rs 28,033 crore as on Q3FY25 as against Rs 23,353 crore as on Q3FY24, showing a growth of 20.04% YoY basis. Advances to MSME sector stood at Rs 36,262 crore as on Q3FY25 as against Rs 32,160 crore as on Q3FY24, registered a growth of 12.75% YoY basis. Business per employee improved to Rs 22.98 crore during Q3FY25 as against Rs 20.06 crore for Q3FY24. Operating Profit for Q3FY25 stood at Rs 1,586 crore registering a growth of 41.73% YoY basis as against Rs 1,119 crore for Q3FY24. For the Q3FY25, operating profit has grown by 31.37% to Rs 4,339 crore as against Rs 3,303 crore for Q3FY24. Net Profit for Q3FY25 stood at Rs 639 crore as against Rs 503 crore for Q3FY24, registering a growth of 27.04% YoY. Net profit stood at Rs 1,793 crore for Q3FY25 showing a growth of 58.95% YoY as against Rs 1,128 crore for Q3FY24. Net Interest Income (NII) for Q3FY25 stood at Rs 2,378 crore registering a growth of 19.62% YoY basis as against Rs 1988 crore for Q3FY24. For the Q3FY25, Net interest Income(NII) grew by 17.21% YoY basis to Rs 6932 crore as against Rs 5914 crore for Q3FY24. Net Interest Margin(NIM) for Q3FY25 stood at 3.17% as against 2.84% for Q3FY24. For the 9MFY25, the NIM stood at 3.12% as against 2.88% for 9MFY24. Asset Quality: Gross NPA improved to 2.91 % as on Q3FY25 as against 3.85% as on Q3FY24, registering an improvement of 94 bps YoY. Net NPA improved to 0.63 % as on Q3FY25 as against 0.98% as on Q3FY24, registering an improvement of 35 bps YoY. Provision Coverage Ratio stood at 96.16% as on Q3FY25. Result PDF
UCO Bank announced Q2FY25 results Business Growth - Total Business of the Bank stood at Rs 4,73,704 crore as on Q2FY25 showing an increase of 13.56% on YoY, wherein Gross Advances increased by 18% to Rs 1,97,927 crore on YoY & Total Deposits grown by 10.57% on YoY to Rs 2,75,777 crore. Profitability & Return– Net profit for the quarter ending Q2FY25 stood at Rs 603 crore as against Rs 402 crore for the same period of preceding year, registering a growth of 50% YoY. Operating Profit for the quarter ended Q2FY25 stood at Rs 1,432 crore showing an increase of 45.82% on YoY basis. Advances in Retail, Agriculture & MSME (RAM) Sectors - RAM segment of the Bank increased by 20.16 % to Rs 108200 crore on YoY backed by 29.36% YoY growth in Retail advances ,17.41% YoY growth in Agriculture advances and 11.32 % YoY growth in MSME advances. Reduction in NPA - Gross NPA reduced by 96 bps YoY to 3.18 % as on Q2FY25 whereas Net NPA reduced by 38 bps YoY to 0.73 % as on Q2FY25. Capital Adequacy Ratio - Capital Adequacy Ratio (CRAR) stood at 16.84% as on Q2FY25 with Tier I Capital Ratio of 14.59% Credit to Deposit Ratio stood at 71.77% as on Q2FY25.. Net Interest Income (NII) for the quarter ended Q2FY25 stood at Rs 2,301 crore registering a growth of 20.03% on YoY basis as against Rs 1,917 crore for the same period of preceding year. For the half year ended September 2024, Net interest Income(NII) grewby 16.02% on YoY basis to Rs 4,555 crore as against Rs 3,926 crore for the H1FY24. Net Interest Margin(NIM) for the quarter ended Q2FY25 stood at 3.10% as against 2.84% for the same period in the preceding year. For the half year ended September 2024, the NIM stood at 3.09% as against 2.92% for the H1FY24. Asset Quality: Gross NPA improved to 3.18 % as on Q2FY25 as against 4.14% as on Q2FY24, registering an improvement of 96 bps YoY. Net NPA improved to 0.73 % as on Q2FY25 as against 1.11% as on Q2FY24, registering an improvement of 38 bps YoY. Provision Coverage Ratio stood at 95.92% as on Q2FY25. Branch Network: Bank has a network of 3,247 domestic branches and 2 overseas branches each at Hongkong and Singapore Centre & 1 Representative office in Iran. Out of the total branches, Bank has 61.60 % i.e. 2,000 branches in rural & semi-urban areas. Bank has 2,472 ATMs and 10,203 BC Points making the total number of 15,925 touch points as on Q2FY25. Result PDF