UCO Bank’s Business Rises 13.7% On Year In June Quarter

UCO Bank’s total advances rose 16.6% on year and 2.3% on quarter to ₹2.25 trillion as of June 30, based on provisional data. Domestic advances grew 19.8% on year to ₹2 trillion.

Total deposits rose 11.6% on year and 1.7% sequentially to ₹2.99 trillion, with domestic deposits up 9.8% on year at ₹2.80 trillion. The bank’s total business stood at ₹5.24 trillion, up 13.7% on year.

The current and savings account ratio dropped to 36.90% from 38.62% a year ago and 37.91% in the previous quarter. The credit-deposit ratio rose to 75.48% from 72.07% a year ago.