Home / Business and Economy / UCO Bank's Profit Surges 15.8% in Q3 FY26
UCO Bank's Profit Surges 15.8% in Q3 FY26
17 Jan
Summary
- Net profit rose 15.8% to ₹739.5 crore in Q3 FY26.
- Asset quality improved with gross NPAs at 2.41%.
- Total business grew 13.25% to ₹5,53,680 crore.
UCO Bank has reported a significant increase in its net profit for the third quarter of FY26, reaching ₹739.5 crore. This represents a 15.8% year-on-year growth, up from ₹638.8 crore in the same period last year. The bank's net interest income also saw a healthy rise of 11.3%, reaching ₹2,646 crore, attributed to better spreads and increased business volumes.
The bank's asset quality demonstrated sequential improvement. Gross non-performing assets (NPA) declined to 2.41% from 2.56% in the preceding quarter, and net NPAs fell to 0.36%. UCO Bank's total business expanded by 13.25% year-on-year, amounting to ₹5,53,680 crore, with gross advances and deposits both showing substantial growth.
The retail, agriculture, and MSME (RAM) segment was a key driver of this growth, with advances increasing by 25.86% to ₹1,43,919 crore. The bank maintained healthy capital adequacy ratios, with CRAR at 17.43%. UCO Bank operates a widespread branch network, with 61.25% of its domestic branches located in rural and semi-urban areas, underscoring its commitment to financial inclusion.
