UCO Bank Total Business Crosses ₹6 Lakh Crore Milestone with Robust Credit Growth in Q1

Public sector lender UCO Bank has reached a major operational milestone as its total business crossed the ₹6 lakh crore threshold during the first quarter of the 2026-27 financial year ended June 30, 2026. The bank recorded double-digit year-on-year growth across both its credit and deposit portfolios.

Strong Loan Momentum Drives Total Business Expansion

The bank's overall business, combining total deposits and advances, reached ₹6.05 lakh crore as of June 30, 2026. This performance marks a strong year-on-year expansion of 15.46% compared to the reviewed total business of ₹5.24 lakh crore recorded in the corresponding quarter of the previous fiscal year. Sequentially, total business climbed by ₹15,000 crore over the audited figure of ₹5.90 lakh crore logged at the close of March 2026.

Total gross advances for the bank surged to ₹2.73 lakh crore, registering an annual growth of 21.33% against the ₹2.25 lakh crore posted in June 2025, and stepping up from ₹2.63 lakh crore at the end of March 2026. This credit acceleration was primarily led by the domestic market, where domestic advances jumped 22.50% year-on-year to touch ₹2.45 lakh crore, up from ₹2.00 lakh crore in the prior-year period. Sequentially, domestic lending expanded from ₹2.34 lakh crore in March 2026.

Deposit Base Crosses ₹3.30 Lakh Crore

On the funding side, UCO Bank successfully expanded its liability portfolio. Total deposits reached ₹3.32 lakh crore during the current provisional quarter, growing 11.04% annually compared to ₹2.99 lakh crore in the first quarter of the previous year. On a sequential basis, total deposits grew from ₹3.27 lakh crore in March 2026.

Domestic deposits mirrored this positive trajectory, rising 12.14% year-on-year to reach ₹3.14 lakh crore, compared to ₹2.80 lakh crore in June 2025. Sequentially, domestic deposits increased by ₹9,000 crore from the ₹3.05 lakh crore managed at the close of the preceding quarter.

Credit-Deposit Ratio Tracks Upward Trend

Supported by a faster pace of credit deployment relative to deposit inflows, the bank's Credit-Deposit (CD) ratio experienced steady upward movement. The provisional CD ratio for the quarter ended June 30, 2026, improved to 82.15%. This marks a significant gain over the 75.38% recorded in the same period last year, and shows continuing sequential momentum from the 80.21% CD ratio reported at the close of the financial year in March 2026.

The bank management clarified that all corporate operational metrics presented for the first quarter of the fiscal year remain provisional. The performance parameters remain subject to an upcoming official limited review evaluation by the bank's Statutory Central Auditors before final validation.

Shares of UCO Bank was last trading in BSE at Rs. 26.95 as compared to the previous close of Rs. 27.14. The total number of shares traded during the day was 334208 in over 1034 trades.

The stock hit an intraday high of Rs. 27.88 and intraday low of 26.83. The net turnover during the day was Rs. 9108620.00.

Source : Equity Bulls

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UCOBank INE691A01018 Q1FY27 BusinessUpdate