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UCO Bank reported a net profit of ₹786 crore for the quarter ended September 30, 2026, a year-on-year increase of 26.77 per cent from ₹620 crore in the same period last year.

The state-owned lender’s operating profit for the quarter stood at ₹1,872 crore, up 16.04 per cent year-on-year. Net interest income grew 13.96 per cent to ₹2,886 crore compared to ₹2,533 crore in the corresponding quarter of FY2025-26. Net interest margin on a global basis held at 3.00 per cent, while domestic NIM was 3.19 per cent.

Total business rose 18.81 per cent year-on-year to ₹6,37,280 crore as of September 30, 2026. Gross advances grew 24.70 per cent to ₹2,87,690 crore, and total deposits increased 14.36 per cent to ₹3,49,590 crore. The credit-to-deposit ratio stood at 82.29 per cent, up from 75.47 per cent a year ago.

Asset quality continued to improve. Gross NPA declined 60 basis points year-on-year to 1.96 per cent, while net NPA fell 25 basis points to 0.18 per cent. Provision coverage ratio, including technically written-off accounts, strengthened to 98.36 per cent.

Advances to the retail, agriculture, and MSME segments combined grew 26.92 per cent year-on-year to ₹1,68,736 crore. Within this, retail advances rose 30.23 per cent to ₹76,817 crore, agriculture advances increased 29.59 per cent to ₹41,014 crore, and MSME lending expanded 20.32 per cent to ₹50,905 crore.

Return on assets improved to 0.80 per cent from 0.71 per cent a year earlier, and return on equity rose to 11.42 per cent. The capital adequacy ratio stood at 18.85 per cent with Tier I capital at 17.27 per cent, well above regulatory requirements.

Fee-based income grew 34.66 per cent year-on-year to ₹558 crore. The bank’s total balance sheet size reached ₹4,19,958 crore as of September 30, 2026. The government holds a 90.95 per cent stake in the bank.

UCO Bank shares closed at ₹23.61 on the NSE on Thursday, down 1.46 per cent on the day, giving the bank a market capitalisation of approximately ₹29,618 crore.

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