UCO Bank Reports Q2FY26 Net Profit of ₹620 Crore, Strong Credit Growth & Improved Asset Quality
UCO Bank reported Q2FY26 net profit of ₹620 crore, up 2.82% Y-o-Y. The bank achieved robust credit growth of 16.56% and significantly improved asset quality, with GNPA at 2.56% and NNPA at 0.43%.
The announcement of quarterly financial results with strong profitability, impressive business growth, and substantial improvement in asset quality are key indicators of the bank's health and future prospects, making this information highly impactful for investors and stakeholders.
The bank reported an increase in net profit, strong growth in operating profit and NII, and robust credit and deposit growth. Significant improvement in asset quality, evidenced by reduced Gross and Net NPAs and a higher PCR, along with strong digital transformation, indicates a positive financial trajectory.
UCO Bank has announced its unaudited (reviewed) financial results for the second quarter and half year ended 30th September 2025. Key highlights for Q2FY26 include: * Net Profit increased by 2.82% year-on-year (Y-o-Y) to ₹620 crore. * Operating Profit grew by 12.69% Y-o-Y to ₹1613 crore. * Net Interest Income (NII) rose by 10.08% Y-o-Y to ₹2533 crore. * Total Business reached ₹5,36,398 crore, marking a 13.23% Y-o-Y growth. * Global Advances increased by 16.56% Y-o-Y to ₹2,30,702 crore, exceeding the FY26 guidance of 12-14%. * Global Deposits grew by 10.85% Y-o-Y to ₹3,05,697 crore, aligning with the FY26 guidance of 10-12%. * Asset quality showed significant improvement with Gross NPA decreasing to 2.56% (down 62 basis points Y-o-Y) and Net NPA at 0.43% (down 30 basis points Y-o-Y). * Provision Coverage Ratio (PCR) (including technical write-offs) stood at 96.99%, an increase of 105 basis points Y-o-Y. * Retail advances grew by 25.40% Y-o-Y, Agriculture by 17.28% Y-o-Y, and MSME by 23.80% Y-o-Y. * The bank reported strong digital performance, with YoY growth of 6x in digital advances, 48x in digital renewals, and 236% in digital account opening, contributing over ₹10,500 crore to digital business. * ESG initiatives include ₹2812 crore exposure to renewable energy and ₹94 crore in green deposits.
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See the model portfoliosA plain-language summary of a public exchange filing by UCO Bank. Read the original for the full detail.