Q4 Results: UCO Bank’s net profit increased by 24 percent in January-March to Rs 665.7 crore, the bank announced

New Delhi| UCO Bank’s consolidated net profit rose nearly 24 per cent year-on-year to Rs 665.72 crore in the quarter ended March. The bank gave this information on Monday. The net profit of the government-owned bank in the same quarter a year ago was Rs 537.86 crore.

The consolidated total income of the Bank in the reporting period stood at approximately Rs 8,136 crore. This was Rs 6,984 crore a year ago. For the full year ended March 31, 2025, UCO Bank’s consolidated net profit stood at Rs 2,468 crore. In FY 2023-24, it was Rs 1,671 crore.

According to the results, the asset quality of the bank has improved. The gross non-performing asset (NPA) ratio declined to 2.69 per cent as at 31 March. A year ago, it was 3.46 percent. At the same time, the bank net NPA ratio declined from 0.89 per cent to 0.50 per cent. The provision coverage ratio stood at 96.69 per cent.

The lender’s total business grew 14.12 per cent year-on-year to Rs 5,13,527 crore as of March. Gross advances increased by 17.72 per cent to Rs 2,19,985 crore. At the same time, total deposits increased by 11.56 percent to Rs 2,93,542 crore.

The retail, agriculture and MSME (RAM) portfolio grew 25.74 per cent year-on-year to Rs 1,22,613 crore, including a 35.09 per cent increase in retail advances, a 20.02 per cent increase in agricultural advances and an 18.55 per cent increase in MSME lending As of 31 March, UCO Bank had 3,302 domestic branches, two foreign branches (Hong Kong and Singapore) and a representative office in Iran. Government share declined from 95.39 per cent to 90.95 per cent during the March quarter due to capital investment.

UCO Bank will issue 270 crore equity shares in FY2026
UCO Bank plans to issue 270 crore new equity shares in FY 2025-26, to reduce the government’s stake to 75 per cent in compliance with SEBI’s minimum public shareholding (MPS) norms. A top official gave this information on Monday.

The move follows the bank’s successful Qualified Institutional Placement (QIP) in the March quarter, during which the bank raised Rs 2,000 crore, reducing the government’s stake from 95.39 per cent to 90.95 per cent.

Ashwini Kumar, managing director and chief executive officer of UCO Bank, told PTI, ‘‘Our plan is to issue 270 crore shares worth Rs 10 to reduce the government’s stake to 75 per cent in FY2026.’’

Based on the current market price of around Rs 31 per share, the total issue could be worth around Rs 8,000 crore. In the recent QIP the Bank allocated shares to various investors, which increased its capital adequacy.

Central Bank of India profits increased by 28% to Rs 1,034 crore
Public sector Central Bank of India reported on Monday that its net profit rose 28 per cent to Rs 1,034 crore in the March quarter of FY2025. The bank was helped by reduction in bad loans.

The Mumbai-based lender had earned a net profit of Rs 807 crore in the same period a year ago. The total income of the bank during the quarter increased to Rs 10,433 crore from Rs 9,699 crore a year ago, the Central Bank of India said in a regulatory filing. Interest income increased to Rs 8,619 crore from Rs 8,337 crore earlier.