State-owned UCO Bank is targeting loan growth of 12% in the current financial year (FY25).The bank achieved a loan growth of 16% in FY24 versus its guidance of 12% growth.Its total deposits rose around 6% during January-March 2024 to ₹2.63 lakh crore, per its latest business update. Domestic deposits amounted to ₹2.5 lakh crore, marking a 3.73% increase year-on-year and a 1.21% increase quarter-on-quarter. The CD ratio was 74.8%, higher than the previous year’s 67.2% and the previous quarter’s 72.5%.Current account savings account (CASA) stood at ₹0.98 lakh crore, showing a 7.7% rise year-on-year and a 5.4% increase quarter-on-quarter.“Our focus will be on CASA and for…
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UCO Bank targets 12% loan growth this year
