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 Transport

10 Mar 2026

A B Infrabuild Secures Rs 630 mn NHAI EPC Order in Odisha

A B Infrabuild has secured an engineering, procurement and construction (EPC) contract from the National Highways Authority of India (NHAI) for a project in Odisha valued at Rs 630 million (Rs 630 mn). The award forms part of the company's ongoing pursuit of highway and infrastructure assignments and follows its recent bidding activity in eastern India. The contract reflects continued public investment in road connectivity in the region and adds to the firm's announced contract wins. The contract will be recorded in the company's order book and disclosed in line with regulatory norms. The proj..

VMRDA To Focus On Revenue Generating Initiatives

Visakhapatnam Metropolitan Region Development Authority prepared an action plan under the leadership of Chairperson MV Pranav Gopal and Metropolitan Commissioner N Tej Bharath to strengthen the organisation's financial position. During a review meeting on ongoing development works on Monday, the chairperson and commissioner directed officials to emphasise the authority's revenues by initiating the auction of completed layouts and plots. The measures were framed to bolster internal resources and reduce dependence on external funding. Pranav Gopal reiterated that all projects must be completed w..

Southern Railway To Build Three-Metre Road At Vattavila

Southern Railway has agreed to construct a three-metre wide tarred pucca road along Vattavila Suresh Road in Thiruvananthapuram after protests by local residents and representations by the Nemom Action Council. The decision follows the takeover of part of the public road for line-doubling works near Nemom railway station. Railway officials told a land acquisition hearing that the road will be built on land under railway custody and may be handed to the Thiruvananthapuram Corporation for maintenance subject to formal procedures. Kerala government had earlier transferred the affected land to the..