UCO, Punjab & Sind Bank Report Strong Q2 Credit Growth

07 Oct 2025 CW Team

State-owned UCO Bank has reported a 16.6 per cent year-on-year growth in credit to Rs 2.31 trillion for the second quarter of FY26, compared with Rs 1.98 trillion at the end of September 2024, according to a regulatory filing.

The Kolkata-based lender also recorded a 10.8 per cent rise in total deposits to Rs 3.06 trillion, up from Rs 2.76 trillion in the same period last year. Its total business increased by 13.2 per cent, reaching Rs 5.37 trillion, compared with Rs 4.74 trillion a year earlier.

The bank’s Current Account and Savings Account (CASA) ratio stood at 38.1 per cent of total deposits, marginally lower than 38.24 per cent in the previous year’s second quarter. UCO Bank’s credit–deposit ratio also improved to 75.56 per cent, up from 71.77 per cent in September 2024.

Meanwhile, Punjab & Sind Bank, another state-owned lender, posted a 16.1 per cent increase in loans to Rs 1.05 trillion in Q2 FY26, compared with Rs 910.32 billion at the end of September 2024.

The Delhi-based bank reported a 9.42 per cent rise in total deposits to Rs 1.35 trillion, compared with Rs 1.24 trillion a year earlier. Its total business grew by 12.2 per cent to Rs 2.41 trillion, up from Rs 2.15 trillion in the corresponding quarter of the previous financial year.

Punjab & Sind Bank’s CASA ratio stood at 30.3 per cent, nearly unchanged from 30.4 per cent last year. The bank’s credit–deposit ratio improved to 77.92 per cent, compared with 73.4 per cent in the year-ago period.

Infrastructure Urban

07 Oct 2025

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..