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UCOBANK: Strong business growth, improved profitability, and robust asset quality despite one-time tax impact
Business grew 15.53% YoY with advances up 21.18% and deposits up 11.28%. Operating profit surged 79.8% YoY, while net profit rose 8% despite a one-time DTA charge. Asset quality improved, and digital initiatives and new products are driving growth.Based on UCO Bank [UCOBANK] Q1 26/27 Audio Transcri…