UCO Bank Posts ₹652 Crore Q4 Profit, Declares ₹0.39 Dividend

29 Apr 2025 , 02:55 PM

UCO Bank recorded good financial performance for the year and quarter ended March 31, 2025-once again posting wise improvement in business volume, profitability, and asset quality.

The bank’s overall business exhibited a growth of 14.12%; it was at ₹5,13,527 crore as of March 31, 2025, year on year. Gross advances grew at an annual rate of 17.72% to stand at ₹2,19,985 crore, and all deposits rose by 11.56% year-on-year to ₹2,93,542 crore.

The net profit of the bank for the last quarter of FY25 was of ₹652 crore, or 23.98% more than that recorded last. Operating profit for the quarter stood at ₹1,699 crore, marking a growth of 33.48% from ₹1,273 crore in Q4 FY24.

The RAM segment (Retail, Agriculture, MSME) performed moderately well with overall advances in this segment registering a growth of 25.74% YoY reaching ₹1,22,613 crore.

Retail growth grew by 35.09% over the year to ₹54,255 crore, as a result of the 18.13% increase year-on-year in home loans and phenomenal 58.99% growth in vehicle loans. Agricultural lending grew by 20.02% year-on-year, while lending to MSMEs grew consistently at 18.55% year-on-year, showing healthy credit offtake in these key sectors.

Gross NPA declined to 2.69% as of March 31, 2025-dropped by 77 basis points from that period during the previous year. Meanwhile, net NPA dropped to 0.50%, falling by 39 basis points YoY, which specified improvement in asset quality. The Provision Coverage Ratio (PCR) of the bank was excellent at 96.69%, which showed that higher levels of provisioning were performed.

UCO Bank recorded net profits amounting to ₹2,445 crore for the whole FY25 period, up by 47.80% year-over-year compared to that of the previous financial year which is ₹1,654 crore for FY24.

The NII grew robustly 23.35% YoY at ₹2,698 crore in Q4 FY25, and 18.88% YoY at ₹9,630 crore in FY25. The Board declared a dividend of ₹0.39 per equity share (or 3.90%) for FY2024-25.

UCO Bank had a domestic network of 3,302 branches as of March 31, 2025. It had 2 branches in Hong Kong and Singapore, with 1 representative office in Iran. About 61% of the bank’s branches are located in rural and semi-urban areas, which promote financial inclusion. It has about 2,522 ATMs and 10,653 business correspondent outlets, which take geographically dispersed service points to 16,480.