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State-owned UCO Bank is set to significantly expand its branch network as part of a strategic initiative to strengthen its presence across India. Currently operating 3,322 branches, the bank aims to increase its footprint to 3,472 branches by the end of the current financial year, with the addition of 150 new branches over the next five months.

Branch Expansion and Strategic Focus

The decision, approved by the bank’s board, was highlighted by MD & CEO Ashwani Kumar during a post-results call following the announcement of UCO Bank’s Q2 FY26 financial results. The bank’s expansion is aimed at enhancing accessibility to its services across urban and semi-urban markets, while also improving the overall customer experience.

Alongside the branch expansion, UCO Bank is focusing on strengthening its operational capabilities by:

  • Upgrading branch ambience and facilities to improve customer engagement.
  • Recruiting skilled personnel in IT, digital banking, and cybersecurity, reflecting the bank’s push toward modernizing its services and ensuring secure banking operations.

Q2 FY26 Financial Performance

UCO Bank reported steady growth in its latest quarterly results, reflecting resilience in a competitive banking environment:

  • Net Profit: ₹620 crore, up 3% from ₹603 crore in Q2 FY25.
  • Total Income: ₹7,421 crore, compared with ₹7,071 crore previously.
  • Interest Income: ₹6,537 crore, up from ₹6,078 crore.
  • Net Interest Income (NII): ₹2,533 crore, up from ₹2,301 crore.

The consistent growth in profitability and income underscores the bank’s ability to maintain operational efficiency while expanding its reach.

Summary

UCO Bank’s plan to add 150 new branches by March 2026 demonstrates its commitment to broadening its service network and enhancing customer experience. Coupled with steady financial performance and investments in digital and IT capabilities, the bank is positioning itself for sustainable growth. This expansion not only aims to strengthen its market presence but also reflects a broader trend among public sector banks to modernize operations and remain competitive in an evolving banking landscape.

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