UCO Bank Q2 FY27: advances up 24.70% YoY, operating profit up 16.08%, beats most FY27 guidance
Q2 FY27 global advances up 24.70% to ₹287690 Cr, deposits up 14.36%, operating profit up 16.08% to ₹1872 Cr, GNPA 1.96%.
By ScoutQuest · · 1 min read
- Global Advances
- up 24.70% to ₹287690 Cr
- Deposits
- up 14.36% to ₹349590 Cr
- GNPA
- 1.96%
- Period
- Quarter and half year ended September 2026
- Positioning
- A Government of India undertaking (Govt holds 90.95%) with global business of ₹637280 Cr across domestic and overseas operations, rated AA/Stable domestically and BBB- by Fitch.
📈 Global business reached ₹637280 Cr at Sep-26, up 18.81% YoY, with advances up 24.70% to ₹287690 Cr and deposits up 14.36% to ₹349590 Cr. Quarterly operating profit rose 16.08% YoY to ₹1872 Cr and net interest income 13.96% to ₹2886 Cr; half-year operating profit rose 47.44% to ₹4682 Cr.
🎯 Asset quality and margins were within or ahead of the company's FY27 guidance: GNPA 1.96%, NNPA 0.18%, slippage 0.85%, credit cost 0.65% and global NIM 3.00%. CASA at 36.77% sat below the 37-38% guided range and CD ratio at 82.29% slightly above 80-82%.
🎯 The presentation lists FY27 guidance of 10-12% deposit growth, 12-14% credit growth and recovery and upgradation of ₹2000-2500 Cr, against 1910 achieved up to September. Management notes the normalised cost to income ratio excluding one-time recoveries would have been 47.93% for the half year versus 43.38% reported.
🎯 The company states a FY 2026-27 capital raising plan of equity up to Rs. 2700 Cr (face value) and bonds up to Rs. 5000 Cr. Priority sector achievement stood at 54.52% of ANBC against a 40% benchmark.
Also from UCO Bank
Q2 FY27 call: gross advances up 24.70%, net profit at Rs.786 crore, NPA ratios improve
16 Oct 2026
UCO Bank management discussed retail loan growth, gold loan book, government stake dilution plans and improving return on assets
16 Oct 2026
Uco Bank's executive director discussed the bank's growth trajectory, credit growth guidance and FCNR deposit mobilization in an interview
16 Oct 2026
More numbers
- Global business, Sep-26637280 (₹ in Cr)
- Global advances, Sep-26287690 (₹ in Cr)
- Global advances growth YoY, Sep-2624.70%
- Global deposits, Sep-26349590 (₹ in Cr)
- Global deposits growth YoY, Sep-2614.36%
- Operating profit, Q2 FY271872 (₹ in Cr.)
- Operating profit growth YoY, Q2 FY2716.08
- Net interest income, Q2 FY272886 (₹ in Cr.)
- Operating profit, H1 FY274682 (₹ in Cr.)
- GNPA, Sep-26 quarter1.96%
- NNPA, Sep-26 quarter0.18%
- NIM Global, Q2 FY273.00%
- Return on Assets annualised, Q2 FY270.80%
- Equity capital raising plan, FY 2026-27Rs. 2700 Cr.
- Bond raising plan, FY 2026-27Rs. 5000 Cr.
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