UCO Bank Q2 FY27: Net Profit Surges 26.77% to ₹786 Crore, Total Business Grows 18.81%
UCO Bank reported a Q2 FY27 net profit of ₹786 crore, up 26.77% YoY. Total business grew 18.81% to ₹6.37 lakh crore. Gross advances rose 24.70% to ₹2.87 lakh crore, and deposits increased 14.36% to ₹3.50 lakh crore. Gross NPA improved to 1.96%. The bank launched new digital initiatives and opened a GIFT City branch.
The announcement details significant financial performance improvements, including substantial profit growth and business expansion. The improvement in asset quality and the launch of new strategic initiatives are key factors that will likely impact investor perception and the bank's future performance.
The bank reported strong year-on-year growth in net profit, operating profit, total business, advances, and deposits. Asset quality also showed improvement with reduced NPA ratios. Several new digital initiatives and strategic launches were highlighted, indicating positive business momentum.
UCO Bank announced its financial results for the quarter ended September 30, 2026, reporting a significant increase in net profit and total business.
The bank's net profit grew by 26.77% year-on-year to ₹786 crore, up from ₹620 crore in the same period last year. Operating profit also saw a healthy growth of 16.04% to ₹1,872 crore.
Total business reached ₹6,37,280 crore, marking an 18.81% year-on-year growth. Gross advances grew by 24.70% to ₹2,87,690 crore, while total deposits increased by 14.36% to ₹3,49,590 crore. The CASA ratio was maintained at 36.77%.
Asset quality showed improvement, with the gross NPA ratio reducing by 60 basis points to 1.96% and the net NPA ratio improving by 25 basis points to 0.18%. The bank's capital adequacy ratio stood at 18.85%, with a Tier 1 ratio of 17.27%.
During the quarter, UCO Bank launched several initiatives, including a UCO Digital Rupee marketplace, CBDC IVR services, robotic process automation, and a digital marketing solution. They also enhanced UPI features with UPI Tap and Pay, UPI Help 2.0, and a UPI automatic surveillance system. The bank also opened a GIFT City branch and launched new products in Agri, Retail, and MSME sectors.
The transcript of the Post Earnings Call with Analysts held on October 16, 2026, has been submitted to the stock exchanges.
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