UCO Bank reported on Friday a healthy business growth of 12% on a yearly basis in the October–December period of the current financial year, driven by expansion in the domestic loan book.
The total business, which includes deposits and loans, stood at Rs 4.88 lakh crore in the third quarter, compared to Rs 4.5 lakh crore in the corresponding period last year, the public sector bank told the stock exchanges in its quarterly business updates.
Domestic advances of the state-run lender jumped 19% to Rs 1.83 lakh crore. On a sequential basis, the growth was 5.17%. The total advances was up 16% to Rs 2.08 lakh crore. Deposits jumped 9.37% to Rs 2.8 lakh crore, even as it rose only 1.45% over the September quarter.
The current-account, savings-account ratio, a key indicator of a bank's financial health and is used to assess its profitability, stood at 37.96% at the end of December in comparison to 39.25% in December 2023 and 38.24% in September 2024.
The credit-deposit ratio rose to 74.55% from 71.02% a year earlier. A CD ratio is an important indicator of a bank's health because it shows how well the bank can cover loan losses and customer withdrawals.
A high CD ratio indicates that a bank has made a large amount of loans relative to its deposits, which can be a sign of increased risk and reduced liquidity. A low CD ratio may indicate poor credit growth compared to deposit growth.
Shares of UCO Bank closed 1.9% higher at Rs 44.97 apiece on the BSE before the announcement, compared to a 0.9% decline in the benchmark Sensex. The share price has risen 9.6% in the last 12 months.
RECOMMENDED FOR YOU
IndusInd Bank Q1 Update: Net Advances Slip 3% Amid Accounting Fraud Fallout
Jul 04, 2025
 Bank of India. (280623).jpeg?rect=0%2C0%2C3500%2C1969&w=75)
Bank of India Q1 Updates: Domestic Advances Up 11% To Rs 5.64 Lakh Crore
Jul 04, 2025
UCO Bank Q1 Update: Business Grows Nearly 14%, Loan-Book Expands 20%
Jul 03, 2025
UCO Bank Lowers MCLR By 10 Basis Points Across Tenures After RBI Rate Cut
Jun 06, 2025
POPULAR