UCO Bank reported a strong financial performance for the fourth quarter of FY25, with its net profit increasing by 24% to reach Rs 652 crore.
The bank’s profit before tax (PBT) for Q4 stood at Rs 1,036.14 crore, a 23.8% year-on-year (YoY) growth. For the quarter ending 31st March 2025, the bank’s Net Interest Income (NII) grew by 23.35% YoY, reaching Rs 2,698 crore, compared to Rs 2,187 crore in the same period the previous year.
The total business of the bank reached Rs 5,13,527 crore by 31st March 2025, marking a 14.12% increase from the previous year. This includes a 17.72% YoY rise in gross advances, totaling Rs 2,19,985 crore, and an 11.56% increase in deposits, which now stand at Rs 2,93,542 crore.
The bank’s Retail, Agricultural, and MSME (RAM) business also grew by 25.74% YoY, reaching Rs 1,22,613 crore by the end of March 2025, compared to Rs 97,516 crore in March 2024.
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On the asset quality front, the bank saw a reduction in non-performing assets (NPA). Gross NPAs decreased to Rs 5,918.54 crore by 31st March 2025, down from Rs 6,463.30 crore in March 2024. The gross NPA ratio improved to 2.69% from 3.46% the previous year, reflecting a 77 basis points improvement. Net NPAs also improved to 0.50% from 0.89% in the previous year, showing a 39 basis points improvement.
For the full year, UCO Bank’s net profit jumped 47.8%, reaching Rs 2,444.96 crore in FY25, compared to Rs 1,653.74 crore in FY24. The bank’s total income also increased by 17.3%, totaling Rs 29,473.53 crore in FY25, up from Rs 25,119.87 crore in FY24.
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The bank’s board has proposed a dividend of Rs 0.39 per share for FY25, subject to shareholder approval at the upcoming annual general meeting (AGM).
Additionally, UCO Bank’s board approved a plan to raise Rs 2,700 crore by issuing 270 crore equity shares, each with a face value of Rs 10. The bank will use methods such as Qualified Institutional Placement (QIP) and Follow-on Public Offer (FPO) to raise funds, subject to shareholder and regulatory approvals.
As of 31st March 2025, UCO Bank operates 3,302 branches, including 2 overseas branches in Hong Kong and Singapore, and a representative office in Iran. More than 60% of its branches are in rural and semi-urban areas. The bank also has 2,522 ATMs and 10,653 Business Correspondent (BC) Points, making a total of 16,480 touch points across its network.
