UCO Bank Q2 results: Net profit grows marginally to ₹620 crore; provisions slip to ₹588 crore QoQ

For Q2 FY26, the net interest income (NII) of the bank increased 10.08% to ₹2,533 crore as against ₹2,301 crore in Q2 FY25.

On a quarter-on-quarter (QoQ) basis, the Kolkata-headquartered lender’s gross NPA stood at 2.56% in contrast to 3.18% in the last quarter. The net NPA was reported at 0.43% as against 0.73% QoQ.

During the reporting quarter, UCO Bank’s provisions were seen at ₹588 crore as compared to ₹616 crore QoQ.

Earlier this month, the PSU bank had reported a 13.29% YoY growth in its total business at ₹5.37 lakh crore for the second quarter ended September 2025.

The bank's total advances rose 16.67% to ₹2.31 lakh crore in the July-September quarter of the current fiscal year (Q2 FY26), compared to ₹1.98 lakh crore in the same quarter last year.

On a sequential basis, advances grew 2.67% from ₹2.25 lakh crore in the June 2025 quarter.

Total deposits increased by 10.87% YoY to ₹3.06 lakh crore in the September 2025 quarter, from ₹2.76 lakh crore a year ago. Domestically, advances grew 17.24% YoY to ₹2.04 lakh crore, while domestic deposits increased 9.85% to ₹2.90 lakh crore.

The bank's domestic current account savings account (CASA) ratio stood at 38.11% as of September 30, an improvement from 36.91% in the previous quarter but slightly lower than 38.24% a year ago.

The Credit-to-Deposit (CD) Ratio was reported at 75.56%, up from 71.77% in the same quarter last fiscal year.

At the end of Q2, the bank had a network of 3,322 domestic branches and two overseas branches each in Hong Kong and Singapore and one representative office in Iran.

For H1 FY26

UCO Bank reported a 6.3% YoY increase in net profit to ₹1,227 crore for the half year ended September 30, 2025, from ₹1,154 crore in the corresponding period last year.

Its net interest income also grew 8.36% YoY to ₹4,936 crore for the half year ended September 30, 2025, compared with ₹4,555 crore a year earlier.

Gross NPAs improved to 2.56% in H1 FY26 from 3.18% in H1 FY25, reflecting an improvement of 62 basis points (bps). Net NPAs declined to 0.43% from 0.73% a year ago, marking a 30-bps improvement year-on-year.

Following the earnings, shares of UCO Bank were trading at ₹30.84 apiece on NSE, declining 1.85%.