UCO Bank has reported an improvement in its asset quality for the second quarter of FY25. The bank’s Gross Non-Performing Assets (GNPA) stood at ₹6,29,386 lakh, marking a 2% QoQ decrease from ₹6,42,012 lakh in the previous quarter (Q1 FY25).
Similarly, the Net Non-Performing Assets (NNPA) for Q2 FY25 declined by 4.5% QoQ to ₹1,40,644 lakh, compared to ₹1,47,342 lakh in Q1 FY25.
Key highlights of UCO Bank’s asset quality:
- Gross NPA (GNPA): ₹6,29,386 lakh, down 2% from ₹6,42,012 lakh in Q1 FY25.
- Net NPA (NNPA): ₹1,40,644 lakh, down 4.5% from ₹1,47,342 lakh in Q1 FY25.
- Percentage of Gross NPA: 3.38%, reflecting better recovery and loan management.
The improvement in asset quality reflects UCO Bank’s consistent efforts to manage stressed assets, recover dues, and strengthen its balance sheet.
