UCO Bank reports 16.2% growth in advances, 9.37% in deposits
Uco Bank has reported a 16.2% year-on-year growth in advances while its deposits grew at a slower 9.37% rate.
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Its total advances grew to Rs 2.08 lakh crore at the end of 2024. Domestic advances expanded by 18.83% to Rs 1.83 lakh crore.
The bank's credit-deposit ratio jumped to 74.55% from 71.77% a year back.
Uco total deposits stood at Rs 2.80 lakh crore with domestic deposits rising 7.29% to Rs 2.65 lakh crore. The ratio of current and savings deposits to total deposits stood at 37.96%, falling from 39.25% seen at the end of March. The ratio was at 37.61% a year back.
These are according to the provisional numbers submitted to the stock exchanges.
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