UCOBANK

Overview & Background

UCO Bank (originally United Commercial Bank) is a public sector bank in India, headquartered in Kolkata. The Government of India is the majority shareholder (over 90 %). It has a strong domestic branch network, plus a smaller international presence (branches overseas and a representative office). It participates in conventional banking services: retail banking, corporate banking, agriculture and MSME lending, treasury operations, deposit mobilization, etc. Recent Financials & Business Metrics (latest available) In FY 2024-25, the bank posted a net profit of ≈ ₹2,445 crore, a significant year-on-year increase. Its total business (deposits + advances) crossed ₹5,13,500+ crore, growing around 14 % year-on-year. Asset quality has improved: gross non-performing assets (GNPAs) have reduced to the mid 2-3 % range, and net NPAs are relatively low. Loan book growth has been strong (advances up ~ 15-20 % year-on-year in some recent periods). The capital adequacy ratio is healthy (well above regulatory minima). Interest income and non-interest income both contribute; there has been a recent uptick in other income. In a recent quarter, the bank’s net profit rose ~10 % over same period last year. Fresh slippages (new NPAs) have increased in segments like MSME, retail, and agriculture—these are areas to watch. The bank has permission (from shareholders) to issue new shares (dilution) to raise capital, though timing is yet to be finalized.