UCO BANK Q3 FY25 Results

Summary

UCO Bank has reported a 27.04% year-over-year growth in net profit for the quarter ended 31st December 2024, standing at Rs.639 crore. The total business of the bank stood at Rs.4,88,911 crore, with gross advances and total deposits growing by 16.44% y-o-y and 9.36% y-o-y respectively. The bank's advances in retail, agriculture, and MSME sectors have also increased significantly. The gross NPA reduced by 94 bps y-o-y to 2.91% and net NPA reduced by 35 bps y-o-y to 0.63%. The bank's capital adequacy ratio (CRAR) stood at 16.25% and credit to deposit ratio at 74.45%.

Key Highlights

1. 1

   27.04% y-o-y growth in net profit for Q3 FY-2024-25

2. 2

   12.28% y-o-y growth in total business

3. 3

   16.44% y-o-y growth in gross advances

4. 4

   9.36% y-o-y growth in total deposits

5. 5

   94 bps y-o-y reduction in gross NPA

6. 6

   35 bps y-o-y reduction in net NPA

7. 7

   CRAR at 16.25%

8. 8

   Credit to deposit ratio at 74.45%