**UCO Bank Reports 24% Surge in Q4 Net Profit**
UCO Bank has announced a remarkable 24% year-on-year increase in its consolidated net profit, reaching ₹665.72 crore for the quarter ending March 2025. This marks a significant rise from ₹537.86 crore reported in the same quarter last year. The bank’s consolidated total income for the reviewed period was approximately ₹8,136 crore, up from ₹6,984 crore a year earlier.
For the fiscal year ending March 31, 2025, UCO Bank’s consolidated net profit stood at ₹2,468 crore, a substantial increase from ₹1,671 crore in the previous fiscal year. The bank has also shown improvement in asset quality, with the gross non-performing assets (NPA) ratio decreasing to 2.69% as of March 31, down from 3.46% a year prior. The net NPA ratio also saw a decline, falling to 0.50% from 0.89%. The provision coverage ratio was reported at 96.69%.
UCO Bank’s total business grew by 14.12% year-on-year, reaching ₹5,13,527 crore as of March. This growth was fueled by a 17.72% increase in gross advances, which totaled ₹2,19,985 crore, and an 11.56% rise in total deposits, amounting to ₹2,93,542 crore. The bank’s retail, agriculture, and MSME (RAM) portfolio experienced a robust growth of 25.74% year-on-year, reaching ₹1,22,613 crore. This growth was driven by a 35.09% increase in retail advances, a 20.02% rise in agriculture advances, and an 18.55% growth in MSME lending.
As of March 31, UCO Bank operated 3,302 domestic branches, along with two overseas branches located in Hong Kong and Singapore, and one representative office in Iran. The government’s stake in the bank was reduced to 90.95% from 95.39% due to recent capital infusion.
In summary, UCO Bank’s impressive financial performance and improved asset quality reflect its strong position in the banking sector, paving the way for future growth and stability.
**FAQ**
**What factors contributed to UCO Bank’s profit increase?**
UCO Bank’s profit increase can be attributed to a rise in total income, improved asset quality, and significant growth in its retail, agriculture, and MSME lending portfolios.
