UCO Bank reported a net profit of ₹656 crore for the quarter ended June 30, 2026, registering an increase of 8.05% from ₹607 crore in the corresponding period of the previous year. The bank's operating profit surged 79.84% year-on-year to ₹2,810 crore, driven by robust growth in interest income and fee-based income. Total business stood at ₹6,05,083 crore, growing 15.53% YoY, with gross advances rising 21.18% to ₹2,72,768 crore and total deposits increasing 11.28% to ₹3,32,315 crore. The Board of Directors approved the unaudited financial results for Q1FY27 at its meeting held on July 22, 2026.

The bank's Net Interest Margin (NIM)-Global stood at 3.05%, while Domestic NIM was reported at 3.24%. The Capital Adequacy Ratio (CRAR) under Basel-III norms stood at 19.03%, with the Tier I Capital Ratio at 17.44%. The Provision Coverage Ratio was 97.85%, and the Credit-Deposit ratio improved to 82.08% from 75.38% in the previous year.

Financial Performance

The bank's total income for the quarter rose to ₹8,682 crore from ₹7,433 crore in the year-ago period, reflecting broad-based growth across interest and non-interest income streams. Interest earned stood at ₹6,996 crore compared to ₹6,436 crore, while other income jumped to ₹1,686 crore from ₹997 crore. The following table summarises the key financial figures:

Asset Quality

Asset quality showed improvement on both a year-on-year and sequential basis. The Gross Non-Performing Assets (NPA) ratio declined to 2.08% from 2.63% on a YoY basis and from 2.17% on a QoQ basis. The Net NPA ratio improved to 0.25% from 0.45% YoY and from 0.27% QoQ, reflecting continued progress in credit quality management.

Operational Metrics

The bank disclosed key operational parameters for the quarter ended June 2026 against its guidance for FY 26-27. Credit growth (Y-O-Y) was reported at 21.18% against a guidance of 12-14%, while deposit growth stood at 11.28% within the 10-12% guidance. The Current Account Savings Account (CASA) ratio was 36.94% against a guidance of 37-38%. The NIM Global at 3.05% surpassed the guidance of 2.8-2.9%.

UCO Bank reported a total business volume of ₹6.05 lakh crore for the period ended June 30, 2026, reflecting a year-on-year growth of 15.46%. The bank's total advances stood at ₹2.73 lakh crore, marking a significant increase of 21.33% compared to the corresponding period in the previous year. Total deposits reached ₹3.32 lakh crore, growing by 11.04% year-on-year. The disclosure was submitted in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, and the data for the current period is provisional and subject to review by the Statutory Central Auditors of the bank.

Business Performance Breakdown

The bank's domestic operations showed robust performance during the quarter. Domestic advances rose to ₹2.45 lakh crore, recording a year-on-year growth of 22.50%. Domestic deposits increased to ₹3.14 lakh crore, up 12.14% from the previous year. The Credit-Deposit (CD) Ratio, which measures the proportion of deposits deployed as loans, improved to 82.15% as of June 30, 2026, compared to 75.38% in the prior year period.

Key Financial Metrics

The following table presents the bank's key business parameters across reporting periods:

*Subject to review by Statutory Central Auditors of the Bank

The filing was signed by Vikash Gupta, Company Secretary of UCO Bank.