UCO BANK

UCO Bank will participate in a non-deal roadshow in UAE from March 2nd to March 3rd, 2026. The roadshow aims to engage with prospective institutional investors regarding the bank's foreign currency fund raising through its Medium Term Note (MTN) Programme. Meetings will be conducted in-person and virtually, including one-on-one and group sessions. An investor presentation will be shared subsequently, and no unpublished price-sensitive information will be disclosed.

UCO Bank announced a change in its Board of Directors. The Central Government has nominated Shri Mohamed Ashraf J S as a Director, replacing Shri Hari Har Mishra. This change is effective immediately and is in accordance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. Shri Mohamed Ashraf J S, currently serving as Deputy Secretary in the Ministry of Finance, Department of Financial Services, is not debarred from holding such office. Shri Hari Har Mishra ceases to be a Director following this nomination.

UCO Bank reported a significant increase in its unaudited financial results for the quarter and half-year ended September 30, 2026. Net profit for Q2 FY27 surged by 26.77% year-on-year to ₹786 Crore, up from ₹620 Crore in the same period last year. Total business grew by 18.81% YoY to ₹6,37,280 Crore, with gross advances increasing by 24.70% to ₹2,87,690 Crore and total deposits rising by 14.36% to ₹3,49,590 Crore. The bank also saw a healthy growth in CASA, with total CASA at ₹1,22,259 Crore, a 10.59% YoY increase. Profitability metrics improved, with Operating Profit growing 16.04% YoY to ₹1,872 Crore and Net Interest Margin (NIM) at 3.00% globally. Asset quality strengthened, with Gross NPA reducing to 1.96% and Net NPA to 0.18%. The Capital Adequacy Ratio (CRAR) stood at a robust 18.85%.

UCO Bank's Board of Directors has approved the unaudited (reviewed) financial results for the quarter and half-year ended September 30, 2026. The board meeting, held on October 15, 2026, also reviewed a Security Coverage Certificate, a statement of utilization of issue proceeds, and a declaration of unmodified opinion. The financial results will be made available on the bank's website.

UCO Bank's standalone net profit for Q2 FY27 rose 26.8% year-on-year to ₹785.64 Cr from ₹619.76 Cr, on interest earned of ₹7,286.32 Cr (+11.5% YoY). No consolidated statement was filed this quarter. The print lands above our pre-result preview's ₹700–750 Cr expectation band — a beat — though the only external estimate found was an FY27E annual PAT figure of ~₹3,721 Cr (HDFC Sky), implying a quarterly run-rate this result is broadly tracking. Management's prior guidance (July 2026 concall) targeted FY27 credit growth of 12-14% and deposit growth of 10-12%; actuals of 25.2% and 14.4% YoY respectively clear both bands, with advances the standout beat. The PAT-vs-PBT gap is the real story: PBT grew just 3.9% YoY (₹1,025.07 Cr to ₹1,064.69 Cr) while PAT grew 26.8%, because the effective tax rate fell from 39.5% to 26.2% following the bank's move to the Section 115BAA regime. That benefit was partly offset within the quarter by a ₹267.19 Cr deferred-tax-asset reversal (Note 13) — stripping that out, adjusted PAT would be ~₹1,052.83 Cr, an adjusted YoY increase of ~69.9%, materially stronger than the 26.8% reported figure. Sequentially, PAT rose 19.7% QoQ, but that compares against a Q1 FY27 base that itself absorbed a separate ₹1,237.13 Cr one-time tax charge (Note 12) — the QoQ jump is a one-off base effect, not fresh momentum, and total income actually fell 5.9% QoQ as other income dropped 47% to ₹887.76 Cr from ₹1,686.24 Cr, pulling operating margin down to 22.91% from 32.36% in Q1. On a YoY basis — the primary read — both NPM (9.61% vs 8.35%) and operating margin (22.91% vs 21.74%) expanded. Asset quality and capital both improved against the backdrop of the quarter's events (trading-window closure for results, benchmark-rate revisions, staff strikes on Sep 11/28-30): Gross NPA fell to 1.96% from 2.56% YoY, Net NPA to 0.18% from 0.43%, and the Provisioning Coverage Ratio rose to 98.36% from 96.99%. CRAR improved to 18.85% (CET-1 17.06%) from 17.89% (CET-1 15.61%) a year ago. All of this is consistent with the pre-result Street read — thin analyst coverage, a ₹32 consensus target, and a thesis built on clean asset quality and advance growth — which this print reinforces rather than contradicts. No standalone management press release was extracted alongside the filing, so there is no separate management framing to reconcile against the numbers beyond the notes to accounts. What's unresolved: the filing does not disclose Net Interest Margin directly, so the prior 2.8-2.9% NIM guidance remains unverified pending next quarter's disclosure or a post-results call. A rough cost-to-income calculation (opex over NII+other income) comes in near 50.3%, marginally above the bank's own <50% ceiling, though this is Street arithmetic rather than a bank-disclosed ratio and should be read as indicative only — particularly given the Q2 other-income dip that would affect the denominator. Advances outpacing deposits (25.2% vs 14.4% YoY) also pushed the credit-deposit ratio higher, a funding-mix point worth tracking into Q3.

UCO Bank has informed the BSE that its Board of Directors will hold a meeting on October 15, 2026. The main purpose of this meeting is to consider, approve, and take on record the unaudited (reviewed) financial results for the quarter and half year ended September 30, 2026. In accordance with the Bank’s Policy for Prevention of Insider Trading and SEBI regulations, the trading window for directors, designated persons, and all insiders closed on October 1, 2026, and will remain closed until 48 hours after the financial results are declared.

UCO Bank's Asset Liability Management Committee (ALCO) has reviewed and decided to revise several benchmark interest rates, effective October 8, 2026. While the Marginal Cost of Funds Based Lending Rate (MCLR) across tenors remains unchanged, other benchmark rates have seen adjustments. Notably, TBLR (3-month) increases to 5.30% from 5.25%, TBLR (6-month) to 5.70% from 5.55%, and TBLR (12-month) to 5.95% from 5.70%. The UCO G-Sec Rate (1-year) is revised to 6.26% from 5.88%, and the 10-year G-Sec Rate YTM increases to 7.32% from 7.09%. Repo Linked Rates also see upward revisions. The Base Rate and BPLR remain static at 9.60% and 14.25% respectively.

UCO Bank has reported provisional business figures for the quarter ended September 30, 2026. Total business reached ₹6.37 lakh crore, marking an 18.84% year-on-year growth. Total advances grew by 24.68% to ₹2.88 lakh crore, while total deposits increased by 14.05% to ₹3.49 lakh crore. Domestic advances saw a significant rise of 25.98% to ₹2.57 lakh crore, and domestic deposits grew by 14.48% to ₹3.32 lakh crore. The Credit Deposit (CD) ratio improved to 82.37% from 75.47% in the previous year. These figures are subject to review by the Bank's Statutory Central Auditors.

UCO Bank has announced the closure of its trading window for dealing in the bank's shares. The window will be closed effective October 1, 2026, and will remain shut until 48 hours after the disclosure of the financial results for the quarter/half-year ended September 30, 2026. The specific date for the Board of Directors' meeting to approve these financial results will be communicated later. This closure is in compliance with SEBI (Prohibition of Insider Trading) Regulations, 2015, to prevent potential insider trading during the sensitive period leading up to the financial results announcement.

UCO Bank announced the extension of Shri Vijaykumar Nivrutti Kamble's tenure as Executive Director. The Central Government has approved the extension beyond his current term ending October 8, 2026, until his superannuation on March 31, 2027, or until further orders. This decision ensures continuity in the bank's leadership and strategic execution.