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UCO Bank Q2 Business Grows 18.8% YoY to ₹6.37 Lakh Cr; Advances Surge 24.7%
UCO Bank reported provisional business figures for the quarter ended September 30, 2026, with total business reaching ₹6.37 lakh crore, up 18.84% YoY from ₹5.36 lakh crore. Total advances grew strongly by 24.68% YoY to ₹2.88 lakh crore, while domestic advances jumped 25.98% YoY to ₹2.57 lakh crore. Total deposits expanded at a slower pace of 14.05% YoY to ₹3.49 lakh crore (domestic deposits up 14.48% to ₹3.32 lakh crore). Consequently, the Credit-Deposit (CD) ratio climbed to 82.37%, up from 75.47% as of September 30, 2025.
Confidence: HIGH
What changedUCO Bank released its provisional business update for the quarter ended September 30, 2026, highlighting robust loan expansion.
Why it mattersThe bank shows strong loan growth outpacing deposit growth, indicating continued market share recovery, though deposit mobilisation and liquidity management need monitoring.
Total Business: ₹6.37 lakh croreTotal Advances: ₹2.88 lakh croreTotal Deposits: ₹3.49 lakh croreCredit-Deposit Ratio: 82.37%
📅 Short termPositive credit growth figures are likely to support market sentiment ahead of full quarterly earnings.
📈 Long termSustained credit growth above 20% highlights improved origination capabilities, but deposit accretion must keep pace to prevent funding constraints.
⚠ Risk flags
- CD ratio has expanded to 82.37%, highlighting that loan growth is significantly outstripping deposit growth
- Data is provisional and subject to statutory audit review
Key Highlights
Total business rose 18.84% YoY to ₹6.37 lakh crore as of September 30, 2026
Total advances surged 24.68% YoY to ₹2.88 lakh crore (domestic up 25.98% to ₹2.57 lakh crore)
Total deposits grew 14.05% YoY to ₹3.49 lakh crore (domestic up 14.48% to ₹3.32 lakh crore)
CD ratio elevated to 82.37% vs 75.47% YoY (and 82.08% as of June 30, 2026)
👀 What to Watch
Watch for detailed Q2 FY27 audited financial results to gauge whether the elevated CD ratio (82.37%) pressured net interest margins (NIM) or impacted credit quality.
UCO Bank Board Approves USD 1.00 Billion Foreign Currency Fundraise via MTN Programme
UCO Bank's Board of Directors has approved raising foreign currency funds up to USD 1.00 Billion (approximately ₹8,300+ Cr) in one or more tranches. The fundraise will be executed through debt instruments issued under a Medium Term Note (MTN) Programme. Relative to the bank's market cap of ₹31,443 Cr and net worth of ₹33,250 Cr, this authorization is sizeable (representing roughly 25-27% of net worth). The proceeds are expected to bolster foreign currency liquidity and support overseas business and credit growth.
Confidence: HIGH
What changedThe Board has authorized the establishment/issuance under an MTN programme to raise up to USD 1.00 Billion in foreign currency debt.
Why it mattersProvides dedicated foreign currency funding to support international branch operations, overseas lending, and diversify long-term funding sources.
Fundraise Limit: USD 1.00 BillionInstrument Type: Debt Instruments through Medium Term Note (MTN) ProgrammeFundraise vs Net Worth (~₹33,250 Cr): ~25-27%Board Approval Date: 24th August, 2026
📅 Short termSentimentally positive as it paves the way for diversified wholesale funding, though pricing of individual bond tranches will determine cost efficiency.
📈 Long termEnables the bank to scale overseas balance sheet and corporate financing (including international operations in Singapore/Hong Kong) without straining domestic liquidity.
⚠ Risk flags
- Foreign exchange and global interest rate volatility affecting borrowing costs
- Execution risk depending on global debt market conditions and credit ratings
Key Highlights
Board approved foreign currency fundraise of up to USD 1.00 Billion
Issuance will be in one or more tranches via debt instruments under an MTN Programme
Board meeting was conducted and concluded on August 24, 2026 (from 02:45 P.M. to 04:50 P.M.)
Follows initial intimation letter dated August 19, 2026
👀 What to Watch
Track subsequent filings on tranche sizes, coupon rates, tenors, and investor response when notes are priced under the MTN programme.
UCO Bank Q1 FY27: 21.18% Credit Growth and 79.8% Op Profit Rise; One-time ₹1,237 Cr Tax Charge
UCO Bank reported strong operational performance for Q1 FY27, with credit growth of 21.18% YoY significantly exceeding its 12-14% guidance. Operating profit surged 79.8% to ₹2,810 Cr, bolstered by a ₹1,018 Cr recovery from written-off accounts. However, net profit growth was muted at 8% (₹656 Cr) due to a one-time ₹1,237 Cr DTA charge following a transition to the new tax regime. Asset quality improved significantly with GNPA dropping to 2.08% and a high Provision Coverage Ratio of 97.85%.
Confidence: HIGH
What changedThe bank has transitioned to the new tax regime (25% rate), resulting in a one-time accounting hit but lower future tax liabilities, while simultaneously exceeding its own growth guidance.
Why it mattersThe sharp improvement in asset quality (NNPA at 0.25%) and strong core operating profit growth suggest a structural turnaround in the bank's fundamental health, despite the accounting-led dip in reported net profit.
Credit Growth (YoY): 21.18%Operating Profit: ₹2,810 CrOne-time DTA Charge: ₹1,237 CrTWO Recovery: ₹1,018 CrNet NPA: 0.25%Op Profit vs TTM Revenue: ~9.5%
📅 Short termThe market is likely to view the strong operational beat and improved asset quality positively, looking past the one-time accounting charge on the bottom line.
📈 Long termSustained credit growth above industry averages and a clean balance sheet (PCR 97.85%) position the bank for potential ROA expansion over the coming quarters.
⚠ Risk flags
- Sustainability of high recoveries from written-off accounts
- Potential pressure on NIMs due to rising cost of deposits
- High promoter holding (91%) necessitating future dilution to meet SEBI norms
Key Highlights
Global advances grew 21.18% YoY to ₹2,72,768 Cr, significantly beating the management guidance of 12-14%
Operating profit increased 79.8% YoY to ₹2,810 Cr, aided by a substantial ₹1,018 Cr recovery from Technical Write-Off (TWO) accounts
Net profit stood at ₹656 Cr, impacted by a one-time non-cash DTA remeasurement charge of ₹1,237 Cr due to moving to the new tax regime
Asset quality improved with GNPA at 2.08% (down 55 bps YoY) and NNPA at 0.25% (down 20 bps YoY)
CASA deposits grew 12.34% YoY to ₹1,16,136 Cr, maintaining a CASA ratio of 36.94%
👀 What to Watch
Investors should monitor if the bank can sustain the 20%+ credit growth momentum and track the operationalization of the new GIFT City branch scheduled for next month.
Fitch assigns 'BBB-' Long-Term IDR to UCO Bank; Outlook Stable
Fitch Ratings has assigned UCO Bank a first-time Long-Term Issuer Default Rating (IDR) of 'BBB-' with a Stable Outlook, equalizing it with India's sovereign rating. This investment-grade rating is primarily driven by the Government of India's 91% ownership and the high probability of extraordinary state support. The bank's financial profile has strengthened, with the impaired-loan ratio improving to 2.2% in FY26 and a robust CET1 ratio of 16.4%. While loan growth was high at 19.5% in FY26, management expects a normalization to 12-14% in FY27.
Confidence: HIGH
What changedUCO Bank has been assigned international credit ratings for the first time by Fitch Ratings, placing it on par with the Indian sovereign rating.
Why it mattersAn investment-grade international rating validates the bank's financial recovery and government backing, potentially lowering future international borrowing costs and improving its profile for institutional investors.
Long-Term IDR: BBB-Government Stake: 91.0%FY26 Loan Growth: 19.5%Impaired-loan ratio (FY26): 2.2%CET1 Ratio (FY26): 16.4%System Market Share: 1.2%
📅 Short termThe assignment of an investment-grade rating by a global agency is likely to boost market sentiment and reinforce confidence in the bank's ongoing turnaround.
📈 Long termThe rating reflects structural improvements in asset quality and capital buffers; however, the bank's small market share and geographic concentration remain long-term considerations.
⚠ Risk flags
- Above-average loan growth may stress underwriting standards
- Geographic concentration in North and East India
- Potential NIM compression due to slow deposit repricing
Key Highlights
Assigned first-time 'BBB-' Long-Term IDR and 'F3' Short-Term IDR by Fitch Ratings.
Impaired-loan ratio improved to 2.2% in FY26 from 2.7% in FY25, with 88% loan loss coverage.
Common Equity Tier 1 (CET1) ratio stands at 16.4% as of FY26, among the highest in the PSU bank peer group.
Loan growth reached 19.5% in FY26, though management targets a lower 12-14% range for FY27.
The bank maintains a 1.2% market share of system loans and deposits with a 36% CASA ratio as of FYE26.
👀 What to Watch
Monitor the bank's ability to maintain its 12-14% credit growth target without compromising asset quality, and watch for the impact of Expected Credit Loss (ECL) provisioning starting in FY28.
UCO Bank Q1 FY27: Net Profit Up 8% to ₹656 Cr; Advances Grow 21% YoY
UCO Bank reported a steady Q1 FY27 with net profit rising 8.05% YoY to ₹656 Cr, driven by a significant 79.84% surge in operating profit to ₹2,810 Cr. Credit growth was robust at 21.18% YoY, substantially exceeding the bank's guidance of 12-14%. Asset quality continued to improve, with Gross NPA falling 55 bps YoY to 2.08% and Net NPA reaching a low of 0.25%. Net Interest Income (NII) grew 16.86% YoY to ₹2,808 Cr, maintaining a healthy NIM of 3.05%.
Confidence: HIGH
What changedUCO Bank has outperformed its own credit growth guidance (21.18% actual vs 12-14% guided) and improved its asset quality to near-best levels with NNPA at 0.25%.
Why it mattersThe bank is successfully shifting its portfolio towards the RAM (Retail, Agri, MSME) segment, which now accounts for 64.52% of domestic advances, leading to better margins and lower credit costs (0.39%).
Net Profit (Q1 FY27): ₹656 CrAdvances Growth (YoY): 21.18%Net NPA: 0.25%Net Interest Margin (NIM): 3.05%CASA Ratio (Domestic): 36.94%Operating Profit vs TTM Revenue: ~9.5%
📅 Short termThe stock may react positively to the strong beat in credit growth and robust operating profit, alongside stable asset quality metrics.
📈 Long termThe bank's focus on digital transformation and RAM segment growth provides a structural path for ROA improvement, though high promoter holding (91%) remains a technical overhang for dilution.
⚠ Risk flags
- High promoter holding at 91% (requires dilution to 75%)
- Concentration risk with 56% branches in North/East India
- Potential for slippages in high-growth vehicle loan segment
Key Highlights
Global Advances grew 21.18% YoY to ₹2,72,768 Cr, significantly higher than the 12-14% guidance range.
Asset quality improved with GNPA at 2.08% (down 55 bps YoY) and NNPA at 0.25% (down 20 bps YoY).
Operating Profit surged 79.84% YoY to ₹2,810 Cr, while Net Interest Income rose 16.86% to ₹2,808 Cr.
Vehicle loans recorded exceptional growth of 65.45% YoY, reaching ₹8,739 Cr.
Provision Coverage Ratio (PCR) including Technical Write-Offs remains high at 97.85%.
👀 What to Watch
Investors should monitor the sustainability of the 21% credit growth and whether the bank can maintain its NIM above 3% as deposit costs reprice. Watch for any potential slippages in the rapidly growing vehicle and agri loan segments.
UCO Bank Q1 FY27: Net Profit up 8.05% to ₹656 Cr; Operating Profit Surges 79.84%
UCO Bank reported a steady Q1 FY27 with a net profit of ₹656 Cr, up 8.05% YoY. The bank's operating performance was robust, with operating profit growing 79.84% YoY to ₹2,810 Cr and Net Interest Income (NII) rising 16.86% to ₹2,808 Cr. Asset quality showed significant improvement as Net NPA dropped to a low of 0.25% compared to 0.45% in the previous year. However, credit growth at 21.18% is significantly outpacing deposit growth of 11.28%, leading to a high Credit-to-Deposit (CD) ratio of 82.08%.
Confidence: HIGH
What changedThe bank has achieved a significant surge in operating profit and further cleaned up its balance sheet, bringing Net NPAs down to 0.25%.
Why it mattersThe strong growth in the RAM (Retail, Agri, MSME) segment and improved NIMs indicate better core profitability, while the high PCR provides a strong buffer against future slippages.
Net Profit (Q1 FY27): ₹656 CrOperating Profit Growth (YoY): 79.84%Net NPA: 0.25%Credit-to-Deposit Ratio: 82.08%CASA Ratio: 36.94%Capital Adequacy Ratio (CRAR): 19.03%
📅 Short termThe stock may react positively to the sharp jump in operating profit and superior asset quality metrics in the coming weeks.
📈 Long termThe bank's focus on the RAM segment and high capital adequacy (19.03%) support long-term growth, provided it can manage the widening gap between credit and deposit growth.
⚠ Risk flags
- Credit growth (21.18%) significantly exceeding deposit growth (11.28%)
- High Credit-to-Deposit ratio of 82.08% may limit future lending capacity
- Moderate Net Profit growth (8.05%) relative to high operating profit growth
Key Highlights
Gross Advances grew 21.18% YoY to ₹2,72,768 Cr, led by a 25.27% growth in the RAM segment.
Operating Profit increased by 79.84% YoY to ₹2,810 Cr for the quarter ended June 30, 2026.
Net NPA improved by 20 bps YoY to 0.25%, while Gross NPA reduced by 55 bps to 2.08%.
Global Net Interest Margin (NIM) improved by 9 bps YoY to 3.05%.
Provision Coverage Ratio (PCR) remains very high at 97.85% as of June 30, 2026.
👀 What to Watch
Investors should monitor the bank's ability to accelerate deposit growth (currently 11.28%) to support its high credit growth, as the CD ratio has climbed to 82.08%. Watch for any impact on margins if the bank raises deposit rates to attract funds.
UCO Bank Q1 Net Profit Rises 8% to ₹656 Cr; GNPA Improves to 2.08%
UCO Bank reported a steady performance for the quarter ended June 30, 2026, with Net Profit growing 8% YoY to ₹656.32 Cr. Total income increased by 15.5% YoY to ₹8,581.24 Cr, supported by a significant 81% surge in operating profit to ₹2,809.54 Cr. Asset quality showed marked improvement, with Gross NPA falling to 2.08% from 2.63% YoY, and Net NPA dropping to 0.25%. The bank remains well-capitalized with a Basel III Capital Adequacy Ratio of 19.03%.
Confidence: HIGH
What changedThe bank has reported its Q1 FY27 financial results, showing improved profitability and a significant reduction in non-performing assets.
Why it mattersThe sharp improvement in asset quality (Net NPA at 0.25%) and strong capital adequacy (19.03%) suggest a healthier balance sheet, which is critical for mid-sized public sector banks to sustain credit growth.
Net Profit (Q1): ₹656.32 CrGross NPA: 2.08%Net NPA: 0.25%Operating Profit Growth (YoY): 81%Capital Adequacy Ratio: 19.03%
📅 Short termThe stock may see positive sentiment in the short term due to the robust improvement in asset quality and operating profit growth.
📈 Long termStructural improvement depends on the bank's success in diversifying its geographic concentration beyond North/East India and scaling its digital banking segment.
⚠ Risk flags
- Regional concentration risk with 56% of branches in North/East India
- Potential NIM compression as deposit costs reprice
Key Highlights
Net Profit increased 8% YoY to ₹656.32 Cr from ₹607.44 Cr in the previous year's quarter.
Operating Profit grew 81% YoY to ₹2,809.54 Cr, driven by higher other income of ₹1,585.24 Cr.
Gross NPA ratio improved to 2.08% compared to 2.63% in June 2025.
Net NPA ratio reached a low of 0.25%, down from 0.45% in the year-ago period.
Capital Adequacy Ratio (Basel III) strengthened to 19.03% from 18.39% YoY.
👀 What to Watch
Investors should monitor the bank's ability to maintain its low Net NPA levels and observe the impact of deposit repricing on Net Interest Margins (NIMs) in the coming quarters.
21.33% YoY Advance Growth: UCO Bank Reports Provisional Q1 FY27 Figures
UCO Bank reported a 15.46% YoY increase in total business to ₹6.05 lakh crore for the quarter ended June 30, 2026. The growth was primarily driven by a robust 21.33% YoY increase in total advances, reaching ₹2.73 lakh crore, which significantly outpaces the bank's earlier guidance of 12-14%. However, deposit growth lagged at 11.04% YoY (₹3.32 lakh crore), causing the Credit-Deposit (CD) ratio to climb to 82.15% from 75.38% a year ago.
Confidence: HIGH
What changedUCO Bank has accelerated its credit growth to 21.33% YoY, a sharp increase compared to its historical targets and the previous year's performance.
Why it mattersStrong credit growth is positive for interest income, but the widening gap between credit and deposit growth suggests potential pressure on funding costs and liquidity management in the coming quarters.
Total Business: ₹6.05 lakh croreTotal Advances Growth (YoY): 21.33%Total Deposits Growth (YoY): 11.04%CD Ratio: 82.15%Domestic Advances Growth (YoY): 22.50%
📅 Short termThe market is likely to view the strong credit growth positively in the short term, as it indicates robust demand and market share gains.
📈 Long termLong-term sustainability depends on the bank's ability to mobilize low-cost deposits (CASA) to support this credit growth and maintaining asset quality during rapid expansion.
⚠ Risk flags
- Rising CD ratio (82.15%) indicates potential liquidity tightening
- Deposit growth lagging credit growth by over 10%
- High promoter holding (91%) remains a technical overhang for dilution
Key Highlights
Total business crossed the ₹6 lakh crore milestone, reaching ₹6.05 lakh crore as of June 30, 2026.
Total advances grew by 21.33% YoY to ₹2.73 lakh crore, led by domestic advance growth of 22.50%.
Total deposits increased by 11.04% YoY to ₹3.32 lakh crore, showing a slower pace compared to lending.
The CD Ratio has tightened significantly to 82.15%, up from 80.21% in March 2026 and 75.38% in June 2025.
👀 What to Watch
Investors should monitor the upcoming full Q1 FY27 results to see if the aggressive credit growth impacts Net Interest Margins (NIMs) and how the bank manages the rising CD ratio. Watch for any updates on asset quality, particularly in the RAM segment, given the rapid expansion.
UCO Bank Appoints Rajendra Kumar Saboo as Interim MD & CEO till August 31, 2026
UCO Bank has assigned the additional charge of Managing Director & Chief Executive Officer to Shri Rajendra Kumar Saboo, effective June 19, 2026. This appointment fills the vacancy created after the previous MD & CEO, Shri Ashwani Kumar, completed his term on May 31, 2026. Shri Saboo, currently an Executive Director at the bank, will hold this interim position until August 31, 2026, or until a regular appointment is made. The move ensures leadership continuity for the public sector bank while the government finalizes a permanent successor.
Key Highlights
Shri Rajendra Kumar Saboo, Executive Director, assigned additional charge as MD & CEO effective June 19, 2026.
The interim appointment is valid until August 31, 2026, or until a permanent incumbent is appointed.
The position became vacant following the completion of Shri Ashwani Kumar's term on May 31, 2026.
Shri Saboo has over 30 years of banking experience, including roles at Punjab National Bank and Oriental Bank of Commerce.
The appointment was conveyed by the Department of Financial Services, Ministry of Finance.
👀 What to Watch
Investors should view this as a routine administrative transition in a public sector bank. Monitor for the announcement of a permanent MD & CEO appointment, which will provide clearer long-term strategic direction.
UCO Bank Shareholders Approve Dividend and Capital Raising Plan at 23rd AGM
UCO Bank concluded its 23rd Annual General Meeting on June 12, 2026, where shareholders approved the audited financial results for FY 2025-26. Key resolutions passed include the declaration of a dividend for the financial year 2025-26 and the approval of an equity capital raising plan for FY 2026-27. The bank also ratified the appointment of Shri Hari Har Mishra as a Director. All proposals were passed with the requisite majority through remote e-voting and voting during the meeting.
Key Highlights
Approval of Audited Balance Sheet and Profit and Loss account for the year ended March 31, 2026.
Declaration of dividend on equity shares for the financial year 2025-26.
Shareholders approved the equity capital raising plan for the financial year 2026-27 to support growth.
Ratification of Shri Hari Har Mishra's appointment as Director on the Board effective May 13, 2026.
The 23rd AGM was attended by 64 members, including a representative from the Government of India.
👀 What to Watch
Investors should look out for the specific dividend payout dates and the details of the upcoming equity capital raise, which will influence the bank's capital adequacy and potential share dilution.
Ashwani Kumar Ceases to be MD & CEO of UCO Bank After Completing 3-Year Tenure
UCO Bank has announced that Shri Ashwani Kumar has stepped down as Managing Director and Chief Executive Officer effective May 31, 2026. This cessation follows the successful completion of his three-year tenure, which commenced on May 31, 2023, under the Government of India's appointment notification. The bank is now expected to undergo a leadership transition as a successor is appointed by the government. Such transitions in public sector banks are routine but critical for maintaining strategic continuity.
Key Highlights
Shri Ashwani Kumar ceased to be MD & CEO effective May 31, 2026.
The departure is due to the completion of a fixed three-year tenure starting from May 31, 2023.
The appointment was originally made under section 9(3)(a) of the Banking Companies Act, 1970.
The bank officially notified the stock exchanges of the board composition change on June 1, 2026.
👀 What to Watch
Investors should watch for the Government of India's announcement regarding the new MD & CEO to assess potential shifts in the bank's operational strategy and credit growth focus.
UCO Bank to Seek Approval for ₹2,700 Crore Equity Capital Raise and Dividend at June 12 AGM
UCO Bank has scheduled its 23rd Annual General Meeting (AGM) for June 12, 2026, to seek shareholder approval for a significant equity capital raise of up to ₹2,700 crore. The bank plans to issue up to 270 crore equity shares through various routes including QIP, FPO, or Rights Issue during FY 2026-27. Additionally, the meeting will cover the declaration of a dividend for FY 2025-26 and the formal appointment of Shri Hari Har Mishra as a Director. This capital infusion is aimed at strengthening the bank's capital adequacy ratio to support future credit growth.
Key Highlights
Proposed equity capital raising plan of up to ₹2,700 crore for the financial year 2026-27.
Declaration of dividend for the financial year 2025-26 to be approved by shareholders.
AGM scheduled for June 12, 2026, with a cut-off date of June 5, 2026, for voting and dividend eligibility.
Approval sought for the appointment of Shri Hari Har Mishra as Director effective May 13, 2026.
Capital raise may involve various modes including Private Placement, QIP, or Public Issue.
👀 What to Watch
Investors should monitor the specific dividend amount once declared and watch for the pricing terms of the ₹2,700 crore capital raise, as it will impact book value and equity dilution.
UCO Bank Wins GST Appeal; Demand Slashed from ₹1,473.48 Cr to ₹4.86 Cr
UCO Bank has received a favorable order from the GST Appellate Authority regarding a massive tax demand. The original demand of ₹1,473.48 crore, issued by the CGST Mumbai South Commissionerate, has been substantially reduced to just ₹4.86 crore. This nearly 99.7% reduction in liability significantly eases the financial burden and potential provisioning requirements for the bank. The bank is now evaluating the final order to determine the next steps regarding the remaining minor demand and associated penalties.
Key Highlights
GST demand reduced from ₹1,473.48 crore to ₹4.86 crore following a successful appeal.
The Appellate Authority order was received by the bank on May 4, 2026.
The revised demand of ₹4.86 crore remains subject to applicable interest and penalties.
The appeal was filed against a previous order dated February 7, 2025.
Significant reduction in contingent liability improves the bank's financial outlook.
👀 What to Watch
Investors should view this as a major positive development that removes a significant overhang on the bank's balance sheet. No immediate action is required, but the reduction in potential liability strengthens the bank's capital position.
UCO Bank Q4 FY26: Net Profit Rises 22% to 801 Cr; Gross NPA Improves to 2.17%
UCO Bank reported a strong performance for FY26, with Q4 net profit growing 22% YoY to 801 crore and full-year profit reaching 2,768 crore. The bank significantly exceeded its credit growth guidance, achieving 19.44% against a target of 12-15%, driven by robust 24% growth in the RAM segment. Asset quality showed marked improvement with Net NPA dropping to 0.27% and a high Provision Coverage Ratio of 97.79%. For FY27, management has set a credit growth target of 12-14% while aiming to reduce Gross NPA below 2%.
Key Highlights
Net profit for Q4 FY26 increased by 22% YoY to 801 crore, with full-year profit rising 13.21% to 2,768 crore.
Gross advances grew by 19.44% YoY, significantly outperforming the management's initial guidance of 12-15%.
Asset quality improved significantly with Gross NPA at 2.17% and Net NPA at 0.27%, down from 0.50% last year.
The Board recommended a dividend of 0.44 per equity share (4.40%) for the financial year.
Digital transformation remains a priority with an IT budget of over 1,000 crore approved for FY27.
👀 What to Watch
Investors should take note of the bank's consistent ability to exceed growth guidance and its superior asset quality metrics compared to peers. The stock remains a strong candidate in the PSU banking space due to its high PCR and digital initiatives.
UCO Bank Sets May 4, 2026 as Record Date for ₹0.44 per Share Dividend
UCO Bank has officially designated May 4, 2026, as the record date to determine shareholder eligibility for its final dividend for the financial year 2025-26. The bank's board has recommended a dividend of ₹0.44 per equity share, which translates to 4.40% of the face value of ₹10. This announcement follows the board's recommendation made on April 25, 2026. The final disbursement of the dividend is subject to shareholder approval at the upcoming Annual General Meeting.
Key Highlights
Dividend recommended at ₹0.44 per equity share for the financial year 2025-26.
Record date for determining shareholder entitlement is fixed as Monday, May 4, 2026.
The dividend represents 4.40% of the face value of ₹10 per share.
Final payout is contingent upon approval at the forthcoming Annual General Meeting.
👀 What to Watch
Investors interested in the dividend should ensure they hold the shares in their demat account by the record date. Given the modest dividend yield, investors should continue to monitor the bank's quarterly performance and NPA trends for long-term value.
UCO Bank FY26 Net Profit Grows 13.2% to ₹2,768 Cr; Asset Quality Improves with Net NPA at 0.28%
UCO Bank reported a solid financial performance for the fiscal year ended March 2026, with net profit rising 13.21% YoY to ₹2,768 crore. The bank's total business reached ₹5,90,314 crore, supported by a robust 19.44% growth in advances and an 11.59% increase in deposits. Asset quality improved significantly, with Gross NPA dropping to 2.17% and Net NPA reaching a low of 0.28%. The bank maintained a healthy Provision Coverage Ratio of 97.32% and a Global NIM of 3.03%, exceeding its annual guidance.
Key Highlights
Net Profit for FY26 increased by 13.21% YoY to ₹2,768 Cr, with Q4 profit at ₹801 Cr.
Gross NPA reduced by 52 bps YoY to 2.17%, while Net NPA improved to 0.28% from 0.50% last year.
Advances grew 19.44% YoY to ₹2,62,752 Cr, driven by a 24.23% growth in the RAM (Retail, Agri, MSME) segment.
Domestic CASA deposits grew by 12.46% YoY, resulting in a healthy CASA ratio of 38.65%.
Global Net Interest Margin (NIM) stood at 3.03%, outperforming the bank's guidance of 2.8-2.9%.
👀 What to Watch
The bank's significant improvement in asset quality and strong growth in high-yield RAM segments are positive triggers. Investors should monitor the bank's ability to maintain its NIM levels and credit cost, which currently stands at a low 0.62%.
UCO Bank FY26 Net Profit Rises 13.2% to ₹2,768 Cr; Asset Quality Improves with Net NPA at 0.28%
UCO Bank reported a steady financial performance for FY26, with a net profit of ₹2,768 crore, marking a 13.21% year-on-year growth. The bank's credit growth was robust at 19.44%, significantly exceeding its guidance of 12-14%, driven primarily by the Retail, Agri, and MSME (RAM) segments. Asset quality showed marked improvement, with Gross NPA falling to 2.17% and Net NPA reaching a low of 0.28%. The Provision Coverage Ratio (PCR) remains exceptionally strong at 97.32%, providing a solid buffer.
Key Highlights
Net Profit for FY26 grew 13.21% YoY to ₹2,768 Cr, with Q4 profit at ₹801 Cr.
Gross NPA improved by 52 bps YoY to 2.17%, while Net NPA dropped to 0.28%.
Total Advances grew 19.44% YoY to ₹2,62,752 Cr, led by a 26.62% surge in Retail loans.
Domestic CASA ratio improved to 38.65%, with total deposits reaching ₹3,27,563 Cr.
Net Interest Income (NII) for the full year stood at ₹10,197 Cr, up 5.89% YoY.
👀 What to Watch
Investors should note the bank's significant improvement in asset quality and credit growth exceeding its own guidance. The stock remains a solid hold for long-term investors looking for stability in the PSU banking sector given the low Net NPA levels.
UCO Bank Reports 13% Profit Growth, ₹0.44 Dividend, and ₹7,700 Cr Capital Raising Plan
UCO Bank reported a strong performance for FY 2025-26, with annual net profit rising 13.2% to ₹2,767.46 crore. The bank's asset quality improved significantly, with Net NPA dropping to 0.27% from 0.50% year-on-year. To fuel future growth, the board approved a massive capital raising plan of ₹2,700 crore through equity and ₹5,000 crore via Basel III bonds. Additionally, a final dividend of ₹0.44 per equity share has been recommended for shareholders.
Key Highlights
Net Profit for FY26 increased to ₹2,767.46 crore compared to ₹2,444.96 crore in FY25.
Gross NPA ratio improved to 2.17% from 2.69%, while Net NPA fell to 0.27%.
Approved equity capital raising of 270 crore shares aggregating to ₹2,700 crore via QIP/FPO.
Board recommended a final dividend of ₹0.44 per equity share for the financial year 2025-26.
Capital Adequacy Ratio (CRAR) remains robust at 18.51% as of March 31, 2026.
👀 What to Watch
The significant improvement in asset quality and strong capital adequacy make UCO Bank a stable pick in the PSU banking space. Investors should monitor the pricing of the upcoming ₹2,700 crore equity raise for potential short-term dilution impacts versus long-term growth benefits.
UCO Bank Q4 Net Profit Rises 23% to ₹801 Cr; Plans ₹7,700 Cr Fundraise & ₹0.44 Dividend
UCO Bank reported a strong set of numbers for Q4 FY26, with net profit growing 22.8% YoY to ₹801.15 crore. The bank's asset quality improved significantly, with Net NPA dropping to 0.27% from 0.50% in the previous year. To support future growth, the Board has approved a massive capital raising plan of up to ₹7,700 crore for FY 2026-27, comprising ₹2,700 crore in equity and ₹5,000 crore in bonds. Additionally, a dividend of ₹0.44 per share has been recommended for shareholders.
Key Highlights
Net Profit for Q4 FY26 rose 22.8% YoY to ₹801.15 crore compared to ₹652.43 crore in Q4 FY25.
Asset quality improved with Gross NPA at 2.17% and Net NPA at a multi-year low of 0.27%.
Board approved equity capital raising of ₹2,700 crore and debt raising of up to ₹5,000 crore for FY 2026-27.
Capital Adequacy Ratio (CRAR) remains robust at 18.51% with CET-1 at 16.36%.
Recommended a dividend of ₹0.44 per equity share for the financial year 2025-26.
👀 What to Watch
The bank's consistent improvement in asset quality and strong capital adequacy make it a healthy pick in the PSU banking space. Investors should monitor the execution of the fundraise as it will provide the necessary fuel for credit growth in the coming fiscal year.
UCO Bank to Hold EGM on March 16 to Elect Shareholder Director and Extend ED's Tenure
UCO Bank has scheduled an Extraordinary General Meeting (EGM) on March 16, 2026, to seek shareholder approval for key board appointments. The agenda includes electing one Shareholder Director to fill a vacancy until January 9, 2028, following the resignation of Ms. Rachana Khare. Additionally, the bank seeks to approve a three-year tenure extension for Executive Director Shri Rajendra Kumar Saboo, effective from November 20, 2025. Remote e-voting for these resolutions will be open from March 12 to March 15, 2026.
Key Highlights
Extraordinary General Meeting (EGM) scheduled for March 16, 2026, via Video Conferencing.
Election of 1 Shareholder Director to fill the casual vacancy until January 9, 2028.
Proposal to extend the tenure of Shri Rajendra Kumar Saboo, Executive Director, for 3 years.
Cut-off date for voting eligibility is March 9, 2026, with e-voting starting March 12.
The bank currently has public shareholding of less than 16%, limiting it to one Shareholder Director.
👀 What to Watch
Investors should monitor the appointment of the new director to ensure continued board oversight and governance. Leadership stability through the ED's extension is generally a neutral to positive signal for operational continuity.
