UCO Bank Reports 19% Credit Growth, Total Business Reaches ₹5.89 Trillion
UCO Bank sees 19% credit growth, total business at ₹5.89 trn in Q4
Business Standard
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UCO Bank, based in Kolkata, India, reported a 19% increase in credit growth, reaching ₹2.62 trillion for the January-March quarter of FY26. Total business, which includes advances and deposits, grew by 15% to ₹5.89 trillion compared to the previous year.
- 01UCO Bank's credit growth reached ₹2.62 trillion, a 19% increase year-on-year.
- 02Total deposits rose by 11% to ₹3.27 trillion.
- 03Low-cost CASA deposits improved to 38.48% of total deposits.
- 04Total business increased by 15% to ₹5.89 trillion.
- 05The government holds 90.95% equity in UCO Bank.
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UCO Bank, a state-owned lender headquartered in Kolkata, India, reported a 19% increase in credit growth, reaching ₹2.62 trillion for the January-March quarter of FY26. This marks an increase from ₹2.20 trillion in the same quarter of the previous financial year. The bank also saw an 11% rise in total deposits, which amounted to ₹3.27 trillion, up from ₹2.94 trillion a year earlier. Notably, the proportion of low-cost Current Account Savings Account (CASA) deposits improved to 38.48% of total deposits, compared to 37.91% in the previous year. Overall, UCO Bank's total business, combining advances and deposits, increased by 15% to ₹5.89 trillion from ₹5.14 trillion at the end of March 2025. As of March 31, 2026, the government retains a 90.95% equity stake in the bank.
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The growth in credit and deposits indicates a strengthening financial position for UCO Bank, which may lead to increased lending opportunities for businesses and individuals in the region.
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