UCO BANK

A Public Sector Bank under Indian government ownership (90.95% held by the President of India), UCO Bank earns revenue across four streams: Retail Banking Operations at Rs 7,740.25 cr (36.3% of segment revenue), Corporate Banking Operations at Rs 7,232.96 cr (33.9%), Treasury Operations at Rs 6,313.6 cr (29.6%), and Other Banking Operations at Rs 49.93 cr (0.2%) for the period ending 31 December 2024. As of Q1 FY27 the bank carried total business of Rs 6,05,083 cr, comprising advances of Rs 2,72,768 cr (up 21.18% YoY) and deposits of Rs 3,32,315 cr (up 11.28% YoY), with a credit-deposit ratio of 82%. The bank runs a network of 3,412 branches, 2,647 ATMs and 11,136 business correspondent units across 28 states and 8 union territories, plus 3 international locations, supported by 20,993 permanent staff. Net interest income of Rs 2,808 cr and a global NIM of 3.05% indicate lending-and-deposit spreads are the core earnings engine, supplemented by fee income and treasury gains. Asset quality has tightened sharply — gross NPA fell to 2.08%, net NPA to 0.25% with provision coverage at 97.85% in Q1 FY27. Its biggest cost line is interest paid on deposits and borrowings, while operating expenses are tracked via a cost-to-income ratio of around 50% on a normalised basis.