UCO Bank Q4 profit jumps 23% on lower provisions; margins dip

Kolkata: Lower provisions helped state-owned Uco Bank report a 23% rise in fourth-quarter net profit to Rs 801 crore, compared with Rs 653 crore in the year-ago period. The bank’s operating profit, however, declined to Rs 1,573 crore from Rs 1,699 crore due to a fall in both core and non-interest income.

Net interest margin for the quarter stood at 3%, compared with 3.08% in the previous quarter.

Gross advances grew 19.44% year-on-year to Rs 2.63 lakh crore, while total deposits rose 11.59% to Rs 3.28 lakh crore.


Gross NPA declined 52 bps year-on-year to 2.17%, while net NPA fell 23 bps to 0.27%.

The bank’s board proposed a dividend of 4.40%, or 44 paise per equity share, for FY26.

The board also approved raising Rs 2,700 crore via share sales in the fiscal, along with up to Rs 5,000 crore through issuance of Basel III additional tier-I bonds, tier-II bonds, or long-term infrastructure bonds.