UCO Bank Reports 13.67% Growth in Total Business
UCO Bank’s total business rose 13.67% to Rs 5.24 lakh crore in Q1 FY26, driven by strong growth in advances and deposits. The bank’s shares fell 1.07% to Rs 32.36.
Key Highlights:
- Total Advances: Rs 2.25 lakh crore, up 16.58% year-on-year
- Total Deposits: Rs 2.99 lakh crore, up 11.57% year-on-year
- Domestic Advances: Rs 2 lakh crore, up nearly 20% year-on-year
- Domestic Deposits: Rs 2.80 lakh crore, up 9.80% year-on-year
- CASA Ratio: 36.90%, down from 38.62% in Q1 FY25
- Credit-Deposit Ratio: 75.48%, up from 72.07% a year earlier
Market Performance:
- Market Cap: Rs 40,578 crore
- 52-Week High: Rs 60.64 (July 29, 2024)
- 52-Week Low: Rs 26.83 (April 7, 2025)
UCO Bank’s strong business growth reflects its improving financial health, despite a slight decline in CASA ratio. The bank’s credit-deposit ratio has improved, indicating better utilization of deposits for lending purposes.
