State-owned UCO Bank on Monday reported 10 per cent increase in net profit at ₹607 crore for the first quarter of current financial year.
In the same quarter of the prior fiscal year, the bank with its headquarters in Kolkata made ₹551 crore in net profit. According to a regulatory statement of UCO Bank, total income increased from ₹6,859 crore to ₹7,433 crore during the June quarter of 2025–2026.
The bank's interest income increased to ₹6,436 crore from ₹6,024 crore during the June quarter of FY25. The bank's operating profit grew to ₹1,562 crore during that time, up from ₹1,321 crore the previous year.
As gross non-performing assets (NPAs) decreased from 3.32 percent of gross advances a year ago to 2.63 percent at the end of the June quarter, the bank's asset quality improved.
Likewise, net non-performing assets (NPAs), or bad loans, decreased from 0.78 percent to 0.45 percent during the same time last year. On the other hand, bad loan provisions increased by Rs 463 crore in the first quarter compared to Rs 397 crore in the same period last year.
From 95.76 percent to 96.88 percent, the Provision Coverage Ratio (PCR) increased. Meanwhile, Return on Assets (ROA) increased slightly from 0.7% in June 2025 to 0.71 percent in June 2025.
Capital adequacy ratio of the bank rose to 18.39 per cent, from 17.09 per cent in the same quarter of FY25.
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