UCO Bank Q4 net profit rises 24% to ₹652 crore; FY25 net profit grows 48%
Kolkata: UCO Bank reported a net profit of ₹652 crore for the quarter ended March 31, 2025, registering a 23.98% year-on-year (YoY) growth compared to ₹526 crore in the same period last year.
For the full financial year 2024-25, the bank's net profit stood at ₹2,445 crore, up 47.80% from ₹1,654 crore in the previous fiscal.
The bank’s operating profit for the March quarter increased by 33.48% YoY to ₹1,699 crore, while the Net Interest Income (NII) grew by 23.35% YoY to ₹2,698 crore. For FY25, NII rose 18.88% to ₹9,630 crore.
The Net Interest Margin (NIM) for the year improved to 3.08%, compared to 2.92% in FY24.
Total business rose 14.12% YoY to ₹5,13,527 crore as on March 31, 2025.
Gross advances grew 17.72% YoY to ₹2,19,985 crore, while total deposits rose 11.56% YoY to ₹2,93,542 crore.
The bank is aiming at a 12-14% credit growth and 10-12% growth in deposits for FY26.
The bank will focus on all segments to achieve the target in credit growth, bank’s MD & CEO Ashwani Kumar said. He, however, emphasised on areas like housing, vehicle, education in the retail sector.
The bank is also looking a 12-14% growth in corporate credit in FY26, while focussing on appropriate pricing.
The bank’s Retail, Agriculture, and MSME (RAM) portfolio expanded by 25.74% YoY to ₹1,22,613 crore. Retail advances grew 35.09% YoY to ₹54,255 crore, agriculture advances rose 20.02% to ₹29,575 crore, and MSME advances increased 18.55% to ₹38,783 crore.
Asset quality showed improvement. Gross NPA declined to 2.69% as on March 31, 2025, compared to 3.46% a year ago. Net NPA dropped to 0.50% from 0.89% during the same period. The Provision Coverage Ratio stood at 96.69%.
The Capital Adequacy Ratio (CRAR) stood at 18.49%, with Tier I Capital Ratio at 16.37%.
The bank’s board has proposed a dividend of 3.90% (i.e., 39 paise per equity share) for FY25.
UCO Bank had a network of 3,302 domestic branches, 2 overseas branches in Hong Kong and Singapore, and 1 representative office in Iran as of March 31, 2025. It operated 2,522 ATMs and 10,653 BC points, totalling 16,480 touch points.
A proposal to raise Rs 2,700 crore via the issue of 270 crore shares at a face value of Rs 10 has been passed by the UCO Bank’s board in FY26. Ashwin Kumar said this would bring the government’s stake in the bank below 75%, in line with SEBI guidelines.
UCO Bank will recruit 850 individuals across various departments in the current financial year (FY26).
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