UCO Bank’s Q3 profit up 16% to Rs. 739 crores

State-owned UCO Bank reported a 16% rise in third quarter net profit from Rs. 639 crore as compared to Rs. 739 crore, supported by an increase in core income, while other income saw a decline.

The bank posted its pre-provision operating profit of Rs. 1586 crore up 6% to Rs. 1680 crore was seen. Total provisions for the quarter stood at Rs. 590 crore slightly less than Rs. 525 crores.

Net interest margin for the quarter was 3.08%, higher than 2.90% in the previous quarter but lower than 3.17% in the year-ago period.

Net interest income grew by 11% YoY to Rs. 2,646 crore, while other income fell by 27 percent to Rs. 869 crores.

The bank’s non-performing assets ratio declined steadily to 2.4% at the end of December 2025 from 2.9% a year ago. Its gross advances grew by 17% year-on-year to Rs. 2.44 lakh crore, supported by a 26% expansion in retail, agriculture and MSME loans.

At the end of the reporting cycle, total deposits increased by around 11% to Rs. 3.10 lakh crore has been done.