Kolkata: UCO Bank saw a 15.7% increase in year-on-year net profit to Rs 739.5 crore for the third quarter of the current fiscal. The PSU lender's operating profit grew around 6% y-o-y and provisions fell 11% y-o-y. The bank posted a net profit of Rs 638.8 crore for the third quarter last fiscal.
The lender's operating profit stood at Rs 1,680.2 crore for Q3FY26, against Rs 1,585.7 crore for Q3FY25.
Domestic net interest margin (NIM) stood at 3.2% for the quarter ended Dec 31, 2025, an 11 basis points (bps) decline from 3.3% for the year-ago period.
UCO Bank managing director and CEO Ashwani Kumar said, "The guidance for NIM for this fiscal was 2.8%-2.9% because of the 125 bps repo rate cut announced by RBI. But if you look at our achievement during the quarter, we already surpassed the guidance."
"Global NIM for the third quarter was 3.08%. I believe that in the next quarter also we will be in this range. I believe that (NIM) in the next quarter will also be in this range. So, our overall NIM will be better than whatever we guided at the start of this financial year," Kumar added.