UCO Bank FY26 Net Profit Rises 13.21% YoY

UCO Bank reported FY26 net profit of ₹2,768 crore, a 13.21% YoY increase, with credit growth of 19.44% exceeding guidance.
Asset quality improved significantly with GNPA at 2.17% and NNPA at 0.27%, both better than guided targets.
The bank provided FY27 guidance targeting 12-14% credit growth, NIM of 2.8-2.9%, and further reduction in GNPA below 2.00%.
Total recovery and upgradation stood at ₹2,944 crore for FY26, surpassing the guided range of ₹2,200-2,700 crore.