UCO Bank

UCO Bank is moving ahead with its capital-raising strategy after receiving additional time from the securities regulator to comply with minimum public shareholding norms. The extension provides the state-owned lender greater flexibility to execute fund-raising and dilution plans in a measured manner, aligned with market conditions and investor appetite. The bank aims to strengthen its capital base while ensuring minimal disruption to shareholder value.

UCO Bank has reported a 13.3% year-on-year (YoY) increase in total business for the second quarter of FY2025, taking the figure to Rs. 5.37 lakh crore. The growth was driven by strong advances, a healthy deposit base, and continued improvement in asset quality. The state-owned lender’s total advances rose to Rs. 2.23 lakh crore, while deposits climbed to Rs. 3.14 lakh crore. The bank’s performance underscores steady momentum in credit demand and retail lending, supported by its digital transformation initiatives and risk management improvements.

UCO Bank reported a solid 13.67% year-on-year increase in total business for the quarter ended June 30, 2025, reaching Rs. 5.24 lakh crore from Rs. 4.61 lakh crore in the prior year period. This growth was primarily driven by a 16.58% rise in total advances to Rs. 2.25 lakh crore and an 11.57% increase in deposits to Rs. 2.99 lakh crore. Domestic advances outperformed with nearly 20% growth, supported by a 9.80% rise in domestic deposits.