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UCO Bank to add another 150 branches by March

by Euro Times
October 22, 2025
in Finance
Reading Time: 2 mins read
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New Delhi, State-owned UCO Financial institution plans so as to add one other 150 branches within the subsequent 5 months in a bid to broaden its presence and enterprise.

At the moment, the Kolkata-based lender has 3,322 branches throughout the nation and with the addition of 150 branches, the community would rise to three,472 by the tip of the present monetary yr.

The board has permitted opening of 150 extra branches by March, UCO Financial institution MD & CEO Ashwani Kumar stated throughout a name after approval of second quarter numbers.

The financial institution is engaged on enhancing atmosphere of the branches, he stated, including, extra expert employees are going to be employed on the IT, digital and cyber safety facet.

As of September 2025, the financial institution has a complete workers energy of 21,266 with 70 per cent of them are under common age of 70 years.

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For the second quarter ended September 30, 2025, UCO Financial institution has reported a 3 per cent rise in internet revenue at Rs 620 crore towards Rs 603 crore within the year-ago interval. The whole earnings within the quarter underneath overview rose to Rs 7,421 crore from Rs 7,071 crore. The lender’s curiosity earnings additionally elevated to Rs 6,537 crore, from Rs 6,078 crore in the identical quarter a yr in the past.

Its internet curiosity earnings (NII) rose to Rs 2,533 crore from Rs 2,301 crore in Q2 FY25.

In the course of the interval, the working revenue of the financial institution elevated to Rs 1,613 crore in comparison with Rs 1,432 crore in the identical quarter a yr in the past.

The financial institution’s asset high quality confirmed enchancment as gross non-performing property (NPAs) declined to 2.56 per cent of gross advances on the finish of the September quarter from 3.18 per cent a yr in the past.

Equally, internet NPAs, or dangerous loans, declined to 0.43 per cent towards 0.73 per cent within the year-ago interval.



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