The net interest income (NII) grew 7% to Rs 2,403 crore in the April-June quarter of FY26 versus Rs 2,254 crore in the corresponding quarter of the last financial year. Net interest income is the difference between the interest earned by the bank against the interest expended by it to deposit holders.
The state lender earned interest income Rs 6,436 crore in the quarter under review versus Rs 6024 crore in the year ago period. Meanwhile the interest paid by it stood at Rs 4,032 crore in Q1FY26 versus Rs 3,770 in the year ago period.
The profit after tax (PAT) fell 7% on a sequential basis versus Rs 652 crore reported in Q4FY25.
The earnings were announced during market hours and Uco Bank’s shares fell over 1% to hit the day’s low of Rs 32.40 on the NSE.
Segment revenue
— Treasury Operations: Revenue stood at Rs 2,144 crore in Q1FY26 versus Rs 1981 crore in Q4FY25 and Rs 2,128 crore in Q1FY25.
— Corporate Banking Operations: Revenue stood at Rs 2,787 crore in Q1FY26 versus Rs 4,074 crore in Q4FY25 and Rs 2,334 crore in Q1FY25.
— Retail Banking 0perations: Revenue stood at Rs 2,457 crore in Q1FY26 versus Rs 2,076 crore in Q4FY25 and Rs 2,354 crore in Q1FY25.
Loans & deposits
The deposits stood at Rs 2,98,635 crore in the quarter under review, up 11.4% YoY. In this, domestic savings accounted for Rs 90,243 crore recording a 4.6% YoY growth while current deposits stood at Rs 13,135 crore registering a 9% YoY growth.
Asset quality
The Gross NPA stood at 2.63% in Q1FY26 versus down from 2.69% in Q4FY25 and 3.32% in Q1FY25 while net NPAs stood at 0.45% versus 0.50% in Q4FY25 and 0.78% in Q1FY25. The slippage ratio stood at 1.18% in Q1FY26 versus 1.08% in Q4FY25 and 1.06% Q1FY25.
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