State-owned UCO Bank on Monday reported 10% increase in net profit at ₹607 crore for the first quarter of current financial year.
The Kolkata-based bank had earned a net profit of ₹551 crore in the same quarter of the previous fiscal year.
Total income rose to ₹7,433 crore during the June quarter of 2025-26, from ₹6,859 crore a year ago, UCO Bank said in a regulatory filing.
Interest earned by the bank improved to ₹6,436 crore, as compared to ₹6,024 crore in the June quarter FY25.
During the period, operating profit of the bank increased to ₹1,562 crore from ₹1,321 crore a year ago.
The bank's asset quality improved as gross non-performing assets (NPAs) declined to 2.63% of gross advances at the end of the June quarter, from 3.32% a year ago.
Similarly, net NPAs, or bad loans, declined to 0.45% from 0.78% in the year-ago period.
However, provisions for bad loans rose ₹463 crore during the first quarter as compared to ₹397 crore in the same period a year ago.
Provision Coverage Ratio (PCR) improved to 96.88%, from 95.76%.
At the same time, Return on Assets (ROA) improved marginally to 0.71% in June 2025 from 0.7% a year ago.
Capital adequacy ratio of the bank rose to 18.39%, from 17.09% in the same quarter of FY25.
