UCO BANK

UCO Bank has announced the availability of its Annual Report for the financial year 2025-26, pursuant to Regulation 34 of the SEBI (LODR) Regulations, 2015. The report is accessible on the bank's website. Key details including Board of Directors, Business Performance, Financial Statements, and Corporate Governance are included in the report. The notice of the Annual General Meeting was submitted on May 18, 2026.

UCO Bank has released its Business Responsibility and Sustainability Report (BRSR) for the financial year 2025-26, as per SEBI (Listing Obligations and Disclosure Requirements) Regulations 2015. The report is available on the bank's website. Key details include the bank's corporate information, business activities, operational locations, and employee data as of March 31, 2026. The bank's business operations are classified into corporate/wholesale banking, retail banking, treasury, and other banking services.

UCO Bank has announced that its 23rd Annual General Meeting (AGM) will be held on June 12, 2026, at 11:00 A.M. via Video Conference (VC) or Other Audio-Visual Means (OAVM). The agenda includes adopting the audited balance sheet as of March 31, 2026, declaring a dividend for FY 2025-26, approving the equity capital raising plan for FY 2026-27, and approving the appointment of Shri Hari Har Mishra as Director effective May 13, 2026. The cut-off date for remote e-voting and AGM participation is June 5, 2026, with e-voting available from June 9-11, 2026.

Shri Hari Har Mishra has been nominated as a Director on the Board of UCO Bank, replacing Shri Sudhir Shyam, effective May 13, 2026. The nomination was made by the Central Government under the Banking Companies Act of 1970. Shri Sudhir Shyam ceases to be a Director from the same date. Shri Hari Har Mishra is currently serving as Additional Secretary in the Ministry of Finance, Department of Financial Services and is not debarred from holding the office of Director.

Mr. Subhash Shankar Malik ceased to be a Director of UCO Bank effective May 8, 2026, upon completion of his three-year term. He was appointed as a Part-time Non-Official Director on the Board of Directors of the Bank on May 8, 2023, as per Government of India notification F.No.6/8/2022-BO.I under section 9(3)(h) of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. The cessation occurred at the close of business hours on May 7, 2026.

UCO Bank's Asset Liability Management Committee (ALCO) has revised its benchmark rates, effective May 10, 2026. While MCLR rates remain unchanged, there are adjustments to TBLR (3 month) and G-Sec Linked rates. Other benchmark rates, including TBLR (6 & 12 month), Repo Linked Rate, Base rate, and BPLR, remain unchanged.

UCO Bank announced that its appeal against a GST demand order has been substantially allowed by the Appellate Authority. The original GST demand of ₹1,473.48 crore has been reduced to ₹4.86 crore, along with applicable interest and penalty as per the CGST Act, 2017. The bank is currently evaluating the order and considering further steps.

UCO Bank has announced that Monday, May 4, 2026, will be the Record Date for determining the eligibility of shareholders for the dividend for the financial year 2025-26. The Bank's Board of Directors, in a meeting held on April 25, 2026, recommended a dividend of ₹0.44 per equity share, which represents 4.40% of the face value of ₹10 each. This dividend payment is contingent upon approval from shareholders at the forthcoming Annual General Meeting, the date of which will be communicated subsequently.

UCO Bank reported a net profit of ₹801 Crore for the quarter ended March 31, 2026, a 22.66% increase YoY. The bank's total business reached ₹5,90,314 Crore, growing 14.95% YoY, with gross advances up 19.44% and total deposits up 11.59%. CASA deposits grew by 12.46% YoY, improving the CASA ratio to 38.65%. Gross NPA reduced to 2.17%, and Net NPA to 0.27%. The bank proposed a dividend of 4.40% (₹0.44 per share) for FY26.

UCO Bank released its financial results presentation for the quarter and year ended March 31, 2026. Key highlights include advances of ₹262752 Cr (up 19.44% Y-Y), deposits of ₹327563 Cr (up 11.59% Y-Y), gross NPA at 2.17%, and net NPA at 0.28%. The bank's net interest income stood at ₹10197 Cr (up 5.89% Y-Y), with an operating profit of ₹6429 Cr (up 6.49% Y-Y) and a net profit of ₹2768 Cr (up 13.21% Y-Y).