UCO Bank Reports Financial Results for Quarter and Year Ended March 31, 2026

UCO Bank Reports Financial Results for Quarter and Year Ended March 31, 2026​

UCO Bank released its audited financial results for the quarter and year ended March 31, 2026, showing significant growth across its business operations, profitability, and asset quality metrics.

Business and Deposit Growth​

As of March 31, 2026, the Bank's Total Business stood at Rs.5,90,314 Crore, marking a 14.95% growth year-over-year (Y-o-Y). Gross Advances saw robust growth of 19.44% Y-o-Y, reaching Rs.2,62,752 Crore. Total Deposits increased by 11.59% Y-o-Y, amounting to Rs.3,27,563 Crore.

The Bank also reported strong growth in its Customer Accounts Service and Advisory (CASA) portfolio. Total CASA stood at Rs. 1,17,752 Crore, reflecting a 12.46% Y-o-Y growth. Savings Deposit reached Rs. 1,01,025 Crore (11.78% Y-o-Y), while Current Deposit stood at Rs. 16,727 Crore (16.77% Y-o-Y). The CASA ratio improved by 74 basis points (bps) to 38.65%.

Advances in key sectors also showed substantial increases. The Retail, Agriculture, and MSME (RAM) segment increased by 24.23% to Rs. 1,52,324 Crore Y-o-Y. This growth was supported by 26.62% Y-o-Y growth in Retail advances, 26.24% Y-o-Y growth in Agriculture advances, and 19.36% Y-o-Y growth in MSME advances.

Profitability Highlights​

The Bank's profitability showed marked improvement for both the quarter and the full year.

Quarter Ended March 31, 2026:

• Net profit for the quarter stood at Rs.801 Crore, demonstrating a 22.66% growth Y-o-Y (compared to Rs.653 Crore in the preceding year).
• Operating Profit for the quarter reached Rs.1,573 Crore.
• Fee based Income grew by 32.65% Y-o-Y to Rs.516 Crore (up from Rs.389 Crore in 2025).
• The Net Interest Margin (NIM) for the quarter was Global at 3.00% and Domestic at 3.19%.

Year Ended March 31, 2026:

• Net profit grew by 13.21% Y-o-Y to Rs.2,768 Crore, compared to Rs.2,445 Crore for the previous year.
• Operating Profit increased by 6.49% Y-o-Y to Rs.6,429 Crore (up from Rs.6,037 Crore).
• Net interest income (NII) grew by 5.89% on Y-o-Y basis to Rs.10,197 Crore (compared to Rs.9,630 Crore).
• Fee based Income grew by 25.40% on Y-o-Y basis to Rs.1,733 Crore (compared to Rs.1,382 Crore).

Key Financial Ratios and Asset Quality​

In terms of asset quality, the Bank successfully reduced its Non-Performing Assets (NPA). Gross NPA fell by 52 bps Y-o-Y to 2.17% as of March 31, 2026, and Net NPA reduced by 23 bps Y-o-Y to 0.27%.

The Bank's capital adequacy remained strong, with the Capital Adequacy Ratio (CRAR) standing at 18.61% as of March 31, 2026, supported by a Tier I Capital Ratio of 16.59%. The Credit to Deposit Ratio stood at 80.21% as of March 31, 2026, an improvement from 74.94% in the previous year. Provision Coverage Ratio was reported at 97.79%, with a Tangible PCR of 87.66% as of March 31, 2026.

Advances by Sector (As on March 31, 2026)​

Operational Footprint​

Operationally, the Bank saw improvements in efficiency. Business per employee rose to 28.08 Crore as of March 31, 2026, up from Rs.24.35 Crore in 2025. Similarly, Business per Branch improved to 172.91 Crore, compared to Rs.155.43 Crore in 2025.

The Bank maintains a substantial branch network consisting of 3,412 domestic branches, two overseas branches in Hong Kong and Singapore, and one Representative Office in Iran. Notably, 61 percent of the domestic branches are located in the Rural and Semi-Urban region, supporting financial inclusion initiatives.

The Bank proposed a dividend of 4.40% (or 44 paise per equity share) for the financial year 2025-26, subject to approval from the shareholders at the Annual General Meeting.

UCOBANK Stock Price Movement​

UCO Bank shares slipped by 0.26% on Friday, settling at ₹26.47 in after-hours trading. The stock finished the session with a substantial total traded volume of 5.53 million shares.