UCO BANK

UCO Bank's earnings call on July 23, 2026, highlighted a strong business performance for Q1 FY27, with total business reaching ₹6,05,000 crores, marking a 15.53% year-on-year growth. Advances grew by 21.18% and deposits by 11.28%. The bank reported an operating profit increase of 79.8% to ₹2,810 crores, supported by a 16.85% rise in net interest income and a 35% increase in fee-based income. Net profit grew by 8% to ₹656 crores, impacted by a one-time deferred tax asset charge of ₹1,237 crores due to a tax regime change. Asset quality improved, with gross NPA at 2.08% and net NPA at 0.25%. Management noted successful initiatives in digital transformation and product launches, while maintaining guidance for credit growth at 12-14%. The call concluded with management expressing confidence in sustaining performance and addressing investor queries.

Management emphasized strong growth and improved profitability.