UCO Bank reports 16.2% growth in advances, 9.37% in deposits

Uco Bank, a state-owned entity, reported a 16.2% year-on-year growth in advances at the end of 2024, reaching Rs 2.08 lakh crore. Deposits grew by 9.37% to Rs 2.80 lakh crore, with domestic deposits rising 7.29% to Rs 2.65 lakh crore. The credit-deposit ratio increased to 74.55% from 71.77% a year earlier.