UCO Bank net profit rises 27% to ₹786 crore in July-September quarter ...Middle East

Economy by : (Business Standard) -
Public sector UCO Bank on Thursday reported a 27 per cent rise in net profit to Rs 786 crore for the second quarter ended September 30. The Kolkata-based lender earned a net profit of Rs 620 crore in the same period last fiscal year. Total income increased to Rs 8,170 crore in the second quarter from Rs 7,421 crore a year ago, UCO Bank said in a regulatory filing. Interest income improved to Rs 7,286 crore in the September quarter of FY27 from Rs 6,537 crore in the year-ago period. Operating profit also increased to Rs 1,872 crore against Rs 1,613 crore in the same quarter a year ago. On the asset quality front, the bank's gross non-performing assets (NPAs) moderated to 1.96 per cent of gross advances at the end of September 2026 compared to 2.56 per cent a year ago. Net NPAs or bad loans came down to 0.18 per cent at the end of September 2026 compared to 0.43 per cent at the end of September 2025. However, provisioning against bad loans rose marginally to Rs 444 crore during th

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