UCO Bank532505Banking
Uco Bank MD & CEO Rajendra Kumar Sabu discussed Q2 results, showing strong credit growth, improved asset quality, and stable gold loan LTVs
By ScoutQuest · · 1 min read
- Advances growth YoY
- 24.70 percent
- Retail advances growth
- 30 percent
- MSME growth
- 20 percent
- Corporate growth
- 24 percent
- Advances guidance for year
- 12 to 14 percent
Heard on business television between 10:32:38 - 10:35:38 IST.
- Advances grew 24.70% year-on-year, with retail up 30%+, agriculture ~30%, MSME 20%+, and corporate 24%+.
- Bank maintained advances guidance of 12-14% for the year despite already surpassing it, as per practice not revising guidance mid-year.
- Gross NPA stood at 1.96% (below 2% target originally set for March 2027) and net NPA at 0.1-0.2%, already surpassing guidance.
- Gold loan book is about 22,000 crore rupees, 7-8% of total advances, with two-thirds in agriculture and one-third in retail/other; yield around 8.90%.
- LTV on gold loans maintained conservatively despite gold price fall; slippages guidance maintained below 1% despite drought declared in some states; treasury income impact from yield hardening seen as limited due to small AFS/HTM portfolio.
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Source: Live TV News Channel · 16 Oct 2026
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