UCO Bank Q4 Net profit jumps 24% YoY, Declare 39 paise dividend for FY25

With significant increase in business, profitability, and asset quality, UCO Bank has released a good set of financial results for the quarter and year that concluded on March 31, 2025. As of March 31, 2025, the bank's overall business rose 14.12% year over year to ₹5,13,527 crore. Gross advances increased 17.72% year over year to ₹2,19,985 crore, while total deposits increased 11.56% year over year to ₹2,93,542 crore. 

 Regarding profitability, UCO Bank recorded a net profit of ₹652 crore for the fourth quarter of FY2024–25, which is a noteworthy YoY growth of 23.98% over the ₹526 crore in the same time the previous year. The quarter's operating profit was ₹1,699 crore, up 33.48% year over year from ₹1,273 crore in Q4 of FY2023-24.

The bank also announced a dividend of 3.90% for FY2024-25, which equates to ₹0.39 per equity share.

The RAM (Retail, Agriculture, and MSME) sector performed well, growing by 25.74% year over year to reach ₹1,22,613 crore. In particular, robust demand for home loans and auto loans, which saw growths of 18.13% and 58.99%, respectively, supported retail advances, which increased by 35.09% YoY to ₹54,255 crore. 

 While MSME advances increased by 18.55% YoY, agriculture advances increased by 20.02% YoY. The bank stated that both the gross and net non-performing asset ratios had improved in terms of asset quality. As of March 31, 2025, net NPA improved to 0.50%, a decrease of 39 basis points YoY, while gross NPA was at 2.69%, a decrease of 77 basis points YoY. 96.69% was the Provision Coverage Ratio.

Regarding the bank's network, as of March 31, 2025, UCO Bank had a total of 3,302 domestic branches and two overseas branches in Hong Kong and Singapore, along with a representative office in Iran. 61% of the bank’s branches are in rural and semi-urban areas. Additionally, the bank operates 2,522 ATMs and 10,653 business correspondent points, totaling 16,480 touchpoints.

For the full fiscal year, UCO Bank reported a net profit of ₹2,445 crore, reflecting a 47.80% YoY increase from ₹1,654 crore in FY2023-24. Net Interest Income (NII) also showed strong growth, rising by 23.35% YoY to ₹2,698 crore for Q4 and 18.88% YoY to ₹9,630 crore for the full year.

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Central Bank of India Q4 Profit rises 28%

Central Bank of India reported a 28% year-on-year rise in net profit for the March quarter, coming in at ₹1,033.6 crore compared to ₹807.3 crore a year earlier.

Net interest income (NII) fell 4% year-on-year to ₹3,399 crore from ₹3,541 crore. However, total income, including interest and non-interest income, improved by 7.57% to ₹10,433 crore from ₹9,699 crore in the same period last year.

The lender’s asset quality strengthened notably. Gross non-performing assets (GNPAs) declined to 3.18% from 3.86% in the previous quarter, while net non-performing assets (NNPAs) improved to 0.55% from 0.59% sequentially.

Return on assets (ROA) improved to 0.90% for Q4FY25 compared to 0.76% a year ago, while return on equity (ROE) rose to 13.21% from 11.68% during the same period.

The bank continues to maintain a strong nationwide footprint with 20,915 touchpoints, including 4,545 branches—of which nearly 65% are located in rural and semi-urban areas—as well as 4,085 ATMs and 12,260 banking correspondent points.

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Bank of Maharashtra Q4 Net profit rises 23%

Bank of Maharashtra announced a standalone net profit for the fourth quarter of FY25 of Rs 1,493.08 crore on April 25 which is up 22.6 percent from Rs 1,217.67 crore in the same period the previous year. According to the company's investor presentation, the expansion was bolstered by robust interest revenue, well-managed expenditures, and reduced provisioning requirements.

Bank of Maharashtra's net profit for FY25 increased by 36% to Rs 5,519.79 crore from Rs 4,055.03 crore for FY24. While full-year income jumped to Rs 28,401.62 crore from Rs 23,492.56 crore, the quarter's total income increased to Rs 7,711.44 crore from Rs 6,488.25 crore.

The total amount of interest earned in Q4 was Rs 6,730.78 crore. Operating profit rose to Rs 2,519.74 crore in the quarter, compared to Rs 2,209.62 crore in Q4FY24. The operating profit for the entire year was Rs 9,319.03 crore, up from Rs 8,005.34 crore the year before.

The entire amount spent (not including provisions) was Rs 19,082.59 crore for the year and Rs 5,191.70 crore for the quarter. In FY25, other operational expenses totaled Rs 2,358.48 crore, while personnel costs made up Rs 3,442.23 crore.

For the March quarter, provisions (not including taxes) were Rs 983.25 crore, a slight increase above Rs 942.30 crore in the same period last year. Provisions for the entire year decreased marginally from Rs 3,645.87 crore in FY24 to Rs 3,596.55 crore. In FY25, non-performing asset provisioning increased from Rs 2,174.27 crore to Rs 2,417.32 crore.

With regard to asset quality, the bank reported a capital adequacy ratio (CRAR) of 20.53 percent, up from 17.38 percent in FY24; the common equity tier 1 ratio improved to 15.83 percent from 12.50 percent, while additional tier 1 capital stood at 1.03 percent; the bank's net worth increased to Rs 25,880.52 crore from Rs 17,177.58 crore a year earlier; and the gross non-performing asset (GNPA) ratio improved to 1.74 percent as of March 31, 2025, from 1.88 percent a year ago and 1.80 percent in the previous quarter.

The bank’s net worth rose to Rs 25,880.52 crore from Rs 17,177.58 crore a year earlier.Return on assets (non-annualised) improved to 1.75 percent for the year, up from 1.50 percent in FY24. Net profit margin stood at 19.43 percent, while operating margin was 32.81 percent. The board has proposed a final dividend of 15 percent, or Rs 1.50 per share, subject to shareholder approval.

As of March 31, 2025, total deposits stood at Rs 3,07,142.60 crore, up from Rs 2,70,747.17 crore a year earlier. Advances rose to Rs 2,36,083.80 crore from Rs 2,00,239.88 crore in the same period.

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Tentative date of results of Major PSU & Private Banks for Q4FY25

 

Bank	Result Date
Bank of Baroda (BOB)
Bank of India(BOI)
Bank of Maharashtra(BOM)	25th April
Canara Bank	08th May
Central Bank of India	28th April
Indian Bank	03rd May
Indian Overseas Bank(IOB)	02nd May
Punjab & Sind Bank	29th April
Punjab National Bank(PNB)
State Bank of India(SBI)	03rd May
UCO Bank	28th April
Union Bank of India
Axis Bank	24th April
HDFC Bank	19th April
ICICI Bank	19th April
Kotak Mahindra Bank	03rd May
Indusind Bank
IDBI Bank	28th April
IDFC First Bank	26th April
Yes Bank	19th April

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This PSU Bank orders Officers to work on Holidays

 

A circular issued by UCO Bank Pune Zone instructs officers to report for duty on holidays. According to the order, officials have been required to monitor the KCC Loan Accounts on April 26 and 27, 2025. According to the letter, UCO Bank has planned a special rectification camp throughout its Pune Zone in an attempt to enhance the performance and supervision of KCC (Kisan Credit Card) SGNPA (Special Mention Account – Non-Performing Assets) accounts. Selected officers from the Zonal Office have been assigned to visit different branches in order to promote the program, and the camp is scheduled for April 26 and 27, 2025.

Purpose of the Camp

The main aim of this camp is to assist branch teams, review the progress of SGNPA rectification efforts, and ensure that corrective actions are being taken to reduce NPA (Non-Performing Asset) levels under the KCC segment. The officers will provide guidance and collect field insights that will help in better managing loan accounts of farmers under the KCC scheme.

All assigned officers have been instructed to:

• Provide support and guidance to branch staff.
• Monitor the status of rectification of SGNPA accounts under KCC.
• Ensure that branches are taking timely action to meet set targets.
• Submit a detailed report of their findings and suggestions by 28th April 2025.

What is the issue?

The people on social media are criticizing the Bank for calling officers on holidays. The main points raised on social media are:

While the whole banking sector is calling for 5 Day Banking, such directives are seen as a big hurdle in the implementation of 5 Day Banking. Holidays are provided so that officers can relax and maintain a good work-life balance.

If officers will work for all the 7 days in a week, then when will they get the time to spend with their family and friends. Family, Friends and social life are an important part of life of human being and a human should be active on his/her social life.

Another important point is the utilisation of public money. UCO Bank is a public sector bank and the money in the bank belongs to the public. The bank has ordered officers to work on holidays and Bank will pay the officers for working on holidays. Normally officers are paid around Rs.1500-2000 per day for working on holiday. This is just mis-utilisation of funds.

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Check Latest Fixed Deposit Rates for All Major Banks in India

Fixed Deposit (FD) is a popular investment option in India, providing safe returns with guaranteed interest. Different banks offer varying interest rates on FDs based on tenure, amount, and the customer’s profile (regular or senior citizen). Here, we provide the most up-to-date FD interest rates from major banks across India. You can check FD Interest Rate of all Banks in India – Government Banks and Private Banks here.

Public Sector Banks FD Interest Rate 2025 [Updated]

• State Bank of India (SBI) FD Interest Rate
• Punjab National Bank (PNB) FD Interest Rate
• Bank of Baroda (BOB) FD Interest Rate
• Union Bank FD Interest Rate
• Canara Bank FD Interest Rate
• Bank of India (BOI) FD Interest Rate
• Central Bank of India FD Interest Rate
• Bank of Maharashtra (BOM) FD Interest Rate
• Punjab and Sind Bank (PSB) FD Interest Rate
• UCO Bank FD Interest Rate
• Indian Overseas Bank (IOB) FD Interest Rate
• Indian Bank FD Interest Rate

Private Banks FD Interest Rate

HDFC Bank	ICICI Bank	Axis Bank
IDBI Bank	Bandhan Bank	YES Bank
Tamilnad Mercantile	DCB Bank	South Indian Bank
Federal Bank	Indusind Bank	IndusInd Bank
J&K Bank	Karnataka Bank	Karur Vysya Bank
Kotak Mahindra Bank	RBL Bank

Senior Citizen FD Interest Rate & Super Senior FD Interest Rate

Senior citizens often enjoy higher FD interest rates than regular customers, with additional benefits such as higher returns and special tenure plans. Normally Banks offer 0.25% to 0.75% extra FD interest rate for Senior Citizens and Super Senior Citizens. You can check Senior Citizen FD Interest Rate & Super Senior FD Interest Rate of all banks via links provided above.

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Indian banks win bankruptcy appeal in Vijay Mallya case in UK

An key legal action against Vijay Mallya, the former owner of Kingfisher Airlines, has been won in London by a group of Indian banks, led by the State Bank of India (SBI). The case concerned Mallya's recovery of a sizable debt following the failure of his airline. Options for home loans

Anthony Mann, a judge at the London High Court, made the announcement on Wednesday. The bankruptcy ruling against Vijay Mallya is still in effect as a result of his decision in favor of the Indian banks. For the banks, this is a significant step in recovering their funds.

What Is the Case About?

Following a decision by the Debt Recovery Tribunal (DRT) in India, Indian banks sued Mallya in the UK back in 2017.  Due to Mallya's personal guarantee for Kingfisher Airlines' loans, the DRT has ordered him to repay more than GBP 1.12 billion, or around Rs 11,000 crore.

 In the United Kingdom, the banks filed for bankruptcy against Mallya in 2018.  Mallya attempted to halt it by claiming that the banks had security on his assets and that he had previously offered enough assets in India that had been confiscated by the Enforcement Directorate(ED).

What Happened in the Court?

A UK court ruled in 2020 that the banks did have security over Mallya's assets, which partially invalidated the bankruptcy petition.  However, the banks appealed that decision, and they were granted permission to do so in 2021.  Additionally, they amended their bankruptcy petition to state that they would relinquish any claim to Mallya's Indian assets in the event that he was found bankrupt.

 Mallya resisted this modification, claiming it violated Indian law and public policy.  However, the UK court ruled in April 2021 that the modification was lawful and did not violate any Indian regulations.

Now, in the latest ruling, the High Court has:

• Allowed the banks’ appeal that they do not hold security on Mallya’s assets
• Rejected Mallya’s attempt to challenge the bankruptcy order
• Said the bankruptcy order against Mallya stands firm

What the Banks’ Lawyers Said

The law firm TLT LLP, which represents the banks, said this decision is very important. It proves that the banks were right to file the bankruptcy case and that the assets taken by the ED in India don’t cancel the debt under English law.
Nick Curling, legal director at TLT, said, “This is a big win for the banks. We have been working on this case since 2017.”

What Vijay Mallya’s Side Says

Mallya, who filed for bankruptcy in July 2021, is currently pursuing a different legal path. He has applied to the UK court to have the bankruptcy judgment revoked, claiming that the assets in India were sufficient to cover the banks' payments.

Mallya will keep fighting, according to his attorney Leigh Crestohl, who has also filed a separate petition in India's Karnataka High Court. He requests that the banks provide a detailed report on their recovery efforts.

Meanwhile, Mallya is still out on bail in the UK. He is also involved in a private legal matter, which is believed to be related to his asylum request in the UK. This is separate from his extradition case to India, where he is wanted on charges of fraud and money laundering.

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Expected Bank DA from May, 2025

Expected DA calculation updated on 01-04-25 on the basis of CPI announced by the GOI for the month of Feb.'25 and with the assumptions of CPI for the month of Mar.'25 as mentioned hereunder.

The CPI for the month of February, 2025 announced on 01-04-2025 as 142.80 points decreased by 0.40 points only from 143.20 points in January, 2025.

1. On assumptions if there is a decrease of 0.40 points of CPI in the month of Mar.'25, on this assumption, we may expect that there would be a decrease of 1.43% DA only and the total tentatively revised DA would be 19.77% from May'25 in terms of 12th BPS.

2. On assumptions if there is no increase/decrease of any points of CPI in the month of Mar.'25, on this assumption, we may expect that there would be a decrease of 1.30% DA only and the total tentatively revised DA would be 19.90% from May'25 in terms of 12th BPS.

3. On assumptions if there is an increase of 0.40 points of CPI in the month of Mar.'25, on this assumption, we may expect that there would be a decrease of 1.16% DA only and the total tentatively revised DA would be 20.04% from May'25 in terms of 12th BPS.

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