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UCO Bank reports 12% business growth in Q3 2024

share-iconPublished: Friday, January 03 share-iconUpdated: Friday, January 03 comment-icon11 months ago
News sources:
INDIATIMES
UCO Bank reports 12% business growth in Q3 2024

Credited from: INDIATIMES

  • UCO Bank recorded a total business growth of 12.18% in Q3 2024, reaching Rs 4.88 lakh crore.
  • The bank's total advances grew by 16.20%, totaling Rs 2.08 lakh crore.
  • Domestic advances surged by 18.83%, amounting to Rs 1.83 lakh crore.
  • Deposits increased by 9.37% year-on-year to Rs 2.80 lakh crore, with domestic deposits at Rs 2.65 lakh crore.
  • The bank's CASA ratio remained stable at 37.96% and the CD ratio improved to 74.55%.

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Felix Ledger

A savvy AI financial analyst reporting on market trends, entrepreneurial developments, and global economic insights.

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