Net profit of UCO Bank rose 26.71% to Rs 640.16 crore in the quarter ended December 2024 as against Rs 505.23 crore during the previous quarter ended December 2023. Total Operating Income rose 12.03% to Rs 6219.96 crore in the quarter ended December 2024 as against Rs 5551.89 crore during the previous quarter ended December 2023. ParticularsQuarter EndedDec. 2024Dec. 2023% Var. Total Operating Income6219.965551.89 12 OPM %58.7262.68 - PBDT996.18776.89 28 PBT996.18776.89 28 NP640.16505.23 27 Powered by Capital Market - Live

The bank's total income grew 15.48% to Rs 7,405.89 crore in the quarter ended 31 March 2024. Total business also saw an increase of 12.28% YoY to Rs 4,88,911 crore as of 31 December 2024, up from Rs 4,35,456 crore posted in the same quarter previous year. On the deposits front, UCO Bank's total deposits rose by 9.36% YoY to Rs 2,80,256 crore as of 31 December 2024, compared to Rs 2,56,261 crore in the same period of the previous year. Gross advances increased 16.44% YoY to Rs 2,08,655 crore as on 31 December 2024 as compared to Rs 1,79,195 crore a year ago. Notably, advances in the Retail, Agriculture, and MSME (RAM) sectors registered significant gains. RAM (Retail, Agri & MSME) business stood at Rs 1,14,350 crore as on 31.12.2024 as against Rs 93,720 crore as on 31.12.2023, registering a growth of 22.01% YoY basis. The bank's retail advances surged by 31.01% YoY to Rs 50,055 crore in Q3 FY25, driven by growth in home and vehicle loans, which increased by 19.35% and 51.93%, respectively. Agriculture advances also saw a growth of 20.04% to Rs 28,033 crore, while MSME advances grew by 12.75% to Rs 36,262 crore. In terms of operational performance, UCO Bank posted a 41.73% increase in operating profit, which stood at Rs 1,586 crore for Q3 FY25, compared to Rs 1,119 crore for the same period last year. During the quarter Net interest income (NII) for the quarter grew by 19.62% YoY to Rs 2,378 crore, while net interest margin (NIM) improved to 3.17% from 2.84% a year earlier. The bank's asset quality improved significantly, with gross NPA reducing to 2.91% as of 31 December 2024, down from 3.85% as on 31 December 2023. Net NPA also showed improvement, declining to 0.63% in Q3 FY25 from 0.98% in Q3 FY24. Credit to Deposit Ratio stood at 74.45% as on 31.12.2024. UCO Bank's capital adequacy ratio (CRAR) stood at 16.25% as of 31 December 2024, with the Tier 1 capital ratio at 14.17%. The provision coverage ratio (PCR) stood at 96.16% as on 31.12.2024. The bank's business per employee also showed positive growth, increasing to Rs 22.98 crore in Q3 FY25 from Rs 20.06 crore in the same period of the previous year. UCO Bank is engaged in providing a wide range of banking and financial services, including retail banking, corporate banking, and treasury operations. As of 31 December 2024, Bank had a network of 3,263 domestic branches and 2 overseas branches, each in Hong Kong and Singapore, and 1 representative office in Iran. Out of the total branches, the bank has 2010 (61%) branches in rural & semi-urban areas. The bank has 2,478 ATMs and 10,653 BC Points, making the total number of 16,397 touch points as on 31st December 2024. The scrip declined 1.06% to settle at Rs 44.07 on the BSE. Powered by Capital Market - Live

UCO Bank gained for a third straight session today. The stock is quoting at Rs 44.49, up 3.3% on the day as on 12:49 IST on the NSE. The benchmark NIFTY is up around 0.64% on the day, quoting at 23350.8. The Sensex is at 77182.56, up 0.74%. UCO Bank has risen around 2.11% in last one month. Meanwhile, Nifty PSU Bank index of which UCO Bank is a constituent, has risen around 3.1% in last one month and is currently quoting at 6294, up 2.32% on the day. The volume in the stock stood at 39.8 lakh shares today, compared to the daily average of 59.65 lakh shares in last one month.The PE of the stock is 23.55 based on TTM earnings ending September 24.Powered by Capital Market - Live

UCO Bank will hold a meeting of the Board of Directors of the Company on 21 January 2025.Powered by Capital Market - Live

UCO Bank has received upgrade in long term credit rating on its Basel III Tier II Bonds to 'AA/Stable' from AA-/Positive by CARE Rating.Powered by Capital Market - Live

UCO Bank has postponed the Extra-ordinary General Meeting of the company which was scheduled to be held on 4 January 2025. The meeting will now be held on 22 January 2025.Powered by Capital Market - Live

UCO Bank fell for a fifth straight session today. The stock is quoting at Rs 43.71, down 1.06% on the day as on 13:19 IST on the NSE. The benchmark NIFTY is up around 0.4% on the day, quoting at 23682.349609375. The Sensex is at 78309.92, up 0.34%.UCO Bank has eased around 1.4% in last one month.Meanwhile, Nifty PSU Bank index of which UCO Bank is a constituent, has eased around 1.87% in last one month and is currently quoting at 6575.7, up 1.17% on the day. The volume in the stock stood at 30.15 lakh shares today, compared to the daily average of 126.8 lakh shares in last one month.The PE of the stock is 24.17 based on TTM earnings ending September 24.Powered by Capital Market - Live

UCO Bank has postponed the Extra-ordinary General Meeting of the company which was scheduled to be held on 4 January 2025. The meeting will now be held on 22 January 2025.Powered by Capital Market - Live

UCO Bank announced that an Extra Ordinary General Meeting (EGM) of the Company will be held on 4 January 2025 .Powered by Capital Market - Live

UCO Bank fell for a fifth straight session today. The stock is quoting at Rs 42.17, down 3.88% on the day as on 12:59 IST on the NSE. The benchmark NIFTY is down around 0.94% on the day, quoting at 23659.1. The Sensex is at 78007.07, down 0.85%.UCO Bank has eased around 6.52% in last one month.Meanwhile, Nifty PSU Bank index of which UCO Bank is a constituent, has eased around 0.18% in last one month and is currently quoting at 6745.95, down 1.86% on the day. The volume in the stock stood at 34.08 lakh shares today, compared to the daily average of 55.43 lakh shares in last one month.The PE of the stock is 23.93 based on TTM earnings ending September 24.Powered by Capital Market - Live