PIONEER EDGE NEWS SERVICE/ Dehradun
The financial results of UCO Bank for the first quarter that ended on June 30 of the financial year 2025-26 were announced by the managing director and chief executive officer of UCO Bank, Ashwani Kumar through video conferencing on Monday. It was telecasted from UCO Bank’s head office in Kolkata in which all the zonal heads of UCO Bank as well as the zonal head of Dehradun, Randhir Kumar participated.
The total business of the Bank stood at Rs 5,23,736 crore with a year-on-year increase of 13.51 per cent while the Gross Advances grew by 16.48 per cent year-on-year to Rs 2,25,101 crore and Total Deposits grew by 11.37 per cent year-on-year to Rs 2,98,635 crore. The Net Profit of the bank stood at Rs 607 crore as compared to Rs 551 crore for the same period last year, registering a growth of 10.16 per cent over the previous year. Gross NPAs declined by 69 bps YoY to 2.63 per cent while Net NPAs declined by 33 bps YoY to 0.45 per cent.
The Doon zonal head, Randhir Kumar informed that the profitability has improved during the financial year 2025-2026.
