UCO Bank Reports 19% Loan Growth in Q4 FY26
UCO Bank records 19% rise in loan growth in Q4
The Economic Times
Image: The Economic Times
UCO Bank, based in Kolkata, India, recorded a 19% increase in loan growth, reaching ₹2.62 lakh crore in the January-March quarter of FY26. The bank also saw total deposits rise by 11% to ₹3.27 lakh crore during the same period, reflecting robust financial performance.
- 01UCO Bank's loan growth reached ₹2.62 lakh crore, a 19% increase from the previous year.
- 02Total deposits rose by 11%, reaching ₹3.27 lakh crore.
- 03The bank's low-cost CASA deposits improved to 38.48% of total deposits.
- 04Total business, combining advances and deposits, increased by 15% to ₹5.89 lakh crore.
- 05The government retains a majority stake of 90.95% in UCO Bank.
Advertisement
In-Article Ad
UCO Bank, a state-owned financial institution based in Kolkata, India, reported a 19% rise in loan growth for the January-March quarter of FY26, amounting to ₹2.62 lakh crore. This growth is significant compared to the ₹2.20 lakh crore recorded in the same quarter of the previous fiscal year. Additionally, the bank's total deposits increased by 11%, reaching ₹3.27 lakh crore, up from ₹2.94 lakh crore a year earlier. The bank's low-cost Current Account Savings Account (CASA) deposits improved to 38.48% of total deposits, up from 37.91% in the previous year. Overall, UCO Bank's total business, which includes both advances and deposits, grew by 15% to ₹5.89 lakh crore, compared to ₹5.14 lakh crore at the end of March 2025. As of March 31, 2026, the government holds a 90.95% equity stake in the bank.
Advertisement
In-Article Ad
The rise in loan growth indicates increased lending capacity, which could facilitate more home loans and business financing, benefiting borrowers in the region.
Advertisement
In-Article Ad
Reader Poll
Do you think UCO Bank's growth will positively impact the local economy?
Connecting to poll...
More about UCO Bank
Read the original article
Visit the source for the complete story.