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.

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