UCO Bank , a prominent player in the Indian banking sector, has reported significant growth in its business operations for the quarter ended September 30. The bank's performance showcases strong year-on-year growth across key financial metrics, indicating a positive trajectory in its business expansion and asset quality.

Business Growth and Advances

UCO Bank's total business reached ₹5.37 lakh crore, marking a substantial year-on-year growth of 13.29% and a quarter-on-quarter increase of 2.48%. The bank's total advances rose impressively by 16.67% year-on-year to ₹2.31 lakh crore. Notably, domestic advances showed even stronger growth, increasing by 17.24% year-on-year to ₹2.04 lakh crore.

Deposit Growth and CASA Ratio

The bank's total deposits reached ₹3.06 lakh crore, reflecting a 10.87% year-on-year growth. The domestic Current Account Savings Account (CASA) ratio stood at 38.11%, showing a slight decrease from 38.24% in the previous year. However, the bank's credit-to-deposit ratio improved to 75.56% from 71.77%, indicating more efficient utilization of deposits for lending activities.

Financial Performance Highlights

The bank's Net Interest Income for the quarter showed a healthy increase of 7%, reaching ₹2,403 crore.

Asset Quality Improvement

UCO Bank demonstrated significant improvement in its asset quality:

• Gross Non-Performing Assets (NPA) ratio decreased to 2.63% from 2.69% in the March quarter.
• Net NPA ratio improved to 0.45% from 0.50% in the March quarter.
• Provisions decreased to ₹616 crore from ₹663 crore in the previous quarter, indicating better asset quality management.

Market Performance

Despite the positive financial results, UCO Bank's shares closed at ₹30.78 on the BSE, down 0.52%, suggesting that the market may have already priced in the expected performance or is awaiting further clarity on the bank's future outlook.

The bank's strong performance across various financial parameters, particularly in business growth and asset quality improvement, indicates its resilient business model and effective management strategies in a challenging economic environment. As UCO Bank continues to focus on expanding its business while maintaining asset quality, it remains well-positioned in the competitive Indian banking sector.

In a significant development for UCO Bank , the Central Government has extended the tenure of Rajendra Kumar Saboo as Executive Director for an additional three years. This extension comes as a vote of confidence in Saboo's leadership and his contributions to the bank's operations.

Key Details of the Extension

• Extended Tenure: Three years beyond the current term
• Current Term End Date: November 20, 2025
• Extension Validity: Until further orders or the end of the three-year period, whichever is earlier
• Government Notification Date: September 15, 2025

Legal Basis for the Extension

The extension was granted under the provisions of:

• The Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970
• Clause (a) of sub-section (3) of Section 9 of the aforementioned Act
• Paragraph 8 (1) of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970

Official Communication

UCO Bank officially communicated this development to the stock exchanges on September 16, 2025, in compliance with Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The bank's Company Secretary, Vikash Gupta, issued the statement to both the National Stock Exchange of India Ltd. and BSE Limited.

Implications for UCO Bank

This extension of Rajendra Kumar Saboo's tenure as Executive Director signifies:

1. Continuity in the bank's top management
2. Recognition of Saboo's performance and leadership
3. Potential for long-term strategic planning and implementation

The move by the Central Government to extend Saboo's tenure demonstrates confidence in the current leadership of UCO Bank. It provides stability to the bank's management structure, which could be viewed positively by stakeholders and the market.

As UCO Bank continues to navigate the dynamic banking landscape, the extended tenure of its Executive Director may play a crucial role in the bank's future strategies and operations. Shareholders and market observers will likely keep a close watch on the bank's performance under the continued leadership of Rajendra Kumar Saboo in the coming years.