UCO Bank Q2 FY27 Net Profit Jumps 26.77% to ₹786 Crore

UCO Bank reported a significant increase in its unaudited financial results for the quarter and half-year ended September 30, 2026. Net profit for Q2 FY27 surged by 26.77% year-on-year to ₹786 Crore, up from ₹620 Crore in the same period last year. Total business grew by 18.81% YoY to ₹6,37,280 Crore, with gross advances increasing by 24.70% to ₹2,87,690 Crore and total deposits rising by 14.36% to ₹3,49,590 Crore. The bank also saw a healthy growth in CASA, with total CASA at ₹1,22,259 Crore, a 10.59% YoY increase. Profitability metrics improved, with Operating Profit growing 16.04% YoY to ₹1,872 Crore and Net Interest Margin (NIM) at 3.00% globally. Asset quality strengthened, with Gross NPA reducing to 1.96% and Net NPA to 0.18%. The Capital Adequacy Ratio (CRAR) stood at a robust 18.85%.