UCO BANK

UCO Bank's Asset Liability Management Committee (ALCO) has reviewed and decided to revise certain benchmark rates, effective September 7, 2026. While MCLR rates remain unchanged, adjustments have been made to TBLR (6 month and 12 month) and G-Sec linked rates. Specifically, TBLR (6 month) increases to 5.55% from 5.50%, TBLR (12 month) to 5.70% from 5.65%, UCO G-Sec Rate (1 year) to 5.88% from 5.80%, and 10-year G-Sec Rate YTM % p.a. to 7.09% from 6.96%. Other benchmark rates including TBLR (3 month), Repo Linked Rates, Base Rate, and BPLR remain unchanged. These revisions are expected to impact lending and borrowing costs for specific tenors.

UCO Bank announced that the additional charge of the post of Managing Director & Chief Executive Officer (MD & CEO) assigned to Shri Rajendra Kumar Saboo, Executive Director, has been extended by the Department of Financial Services, Ministry of Finance, Government of India. This extension is for a further period of three months beyond August 31, 2026, up to November 30, 2026, or until a regular incumbent is appointed, whichever is earlier. This follows a previous disclosure on June 19, 2026, regarding the initial assignment of the additional charge.

UCO Bank's Board of Directors has approved a plan to raise foreign currency funds up to USD 1.0 Billion through the issuance of Debt Instruments under a Medium Term Note (MTN) Programme. This fundraising initiative will be executed in one or more tranches. The decision was made during a board meeting held on August 24th, 2026, which commenced at 02:45 P.M. and concluded at 04:50 P.M. This move is part of the bank's strategy to bolster its foreign currency reserves and potentially diversify its funding sources.

UCO Bank has announced that its Board of Directors will convene on August 24, 2026. The primary agenda item for this meeting is to consider and approve the raising of foreign currency funds through a Medium Term Note (MTN) Programme. This move is in line with SEBI (Listing Obligations & Disclosure Requirements) Regulations, 2015, and signifies the bank's intent to access international debt markets. The specific amount and terms of the fund-raising are expected to be detailed following the board's approval.

UCO Bank announced the appointment of Shri Manohar Lal Paliwal as a Part-time Non-Official Director on its Board. The nomination comes from the Central Government for a term of three years from August 12, 2026, or until further orders. Shri Paliwal is a Commerce Graduate and Chartered Accountant with experience in agriculture and petroleum retail, and has been involved in various social and educational initiatives. He is not related to any existing director and is not debarred from holding such an office.

UCO Bank's Asset Liability Management Committee (ALCO) has reviewed and decided to revise certain benchmark rates. The Marginal Cost of Funds Based Lending Rate (MCLR) remains unchanged across all tenors. However, the Treasury Bill Linked Rate (TBLR) for 3-month and 12-month tenors have been reduced to 5.25% and 5.65% respectively, from 5.30% and 5.80%. The 6-month TBLR remains stable at 5.50%. Additionally, UCO Bank has adjusted its G-Sec linked rates, with the 1-year G-Sec Rate increasing to 5.80% and the 10-year G-Sec Rate YTM increasing to 6.96%. Other benchmark rates, including Repo Linked Rates, Base Rate, and BPLR, remain unchanged. The revised TBLR (3 & 12 month) and G-Sec linked rates are effective from August 7, 2026.

UCO Bank reported its unaudited financial results for the quarter ended June 30, 2026. The bank's total business grew by 15.53% year-on-year to ₹6,05,083 Crore. Gross advances increased by 21.18% to ₹2,72,768 Crore, and total deposits grew by 11.28% to ₹3,32,315 Crore. Operating profit saw a significant jump of 79.84% to ₹2,810 Crore. Net profit for the quarter was ₹656 Crore, an 8.05% increase from the previous year. The bank also reported a reduction in NPAs, with Gross NPA at 2.08% and Net NPA at 0.25%. The Capital Adequacy Ratio stood at 19.03%.

UCO Bank's Q1 FY27 standalone headline — net profit ₹656 Cr, up 8.05% YoY and down 18% QoQ — badly understates the quarter. The muted growth is almost entirely a one-time ₹1,237.13 Cr charge to the P&L from remeasuring deferred tax assets as the bank moved to the concessional Section 115BAA tax regime from FY27, which pushed the tax line to ₹1,919 Cr (from ₹335 Cr a year ago). Strip that out and PAT would be roughly ₹1,893 Cr. The undistorted read: pre-tax profit ₹2,575 Cr, +172% YoY, and operating profit ₹2,810 Cr, +79.8% YoY. The operating engine did the work. Net interest income rose 16.9% to ₹2,808 Cr and global NIM improved 9 bps YoY to 3.05%, while other income jumped ~70% to ₹1,686 Cr — lifted by ₹1,018 Cr of recovery in written-off accounts (11.7% of total income). Operating margin expanded to 32.4% from 21.0% a year ago; non-tax provisions actually fell to ₹235 Cr from ₹616 Cr as slippages eased. Net profit margin optically compressed to 7.56% (from 8.17%), but that sits entirely on the tax line, not on operations. The print confirms the confident tone management struck on the Q4 call. Total business crossed ₹6.05 lakh crore, +15.5% YoY, tracking the 12-14% credit / 10-12% deposit guidance; asset quality improved to GNPA 2.08% (from 2.63%) and NNPA 0.25% (from 0.45%), landing just shy of the stated sub-2%/sub-0.2% targets, with PCR at 92.85%. RoA of 0.68% annualised is depressed by the tax charge, leaving the 1% RoA goal still in progress. Management framed performance as "positive," and the operating numbers agree even as the reported PAT hides it. No formal street PAT consensus surfaced for this name. On governance, the board invoked Clause 14A to approve results directly as the audit committee lacked quorum (auditors noted it; opinion unmodified), and ED Rajendra Kumar Saboo holds additional charge as MD & CEO. The tax hit is non-recurring: from Q2, the lower 115BAA rate should let reported PAT snap back toward the ₹1,800-1,900 Cr run-rate this quarter's pre-tax profit implies — provided the recovery-driven other income holds, since ₹1,018 Cr of it is a written-off recovery that may not repeat at this scale.

UCO Bank has announced that its Board of Directors will convene on July 22, 2026. The primary agenda item for this meeting is to consider, approve, and take on record the unaudited financial results for the first quarter ended June 30, 2026. Additionally, the bank has informed about the closure of the trading window for its securities, which began on July 1, 2026, and will remain closed until 48 hours after the declaration of these financial results, in line with its insider trading prevention policy.

UCO Bank's Asset Liability Management Committee (ALCO) has decided to revise several benchmark interest rates, effective July 10, 2026. The Marginal Cost of Funds Based Lending Rate (MCLR) for tenors ranging from one month to one year will see an increase. Specifically, the one-month MCLR will rise to 8.20% from 8.15%, and the one-year MCLR will be revised to 8.80% from 8.75%. Other benchmark rates like TBLR (3-month, 6-month, 12-month) and UCO G-Sec Rate (1-year) will also see adjustments, with some decreasing and others increasing. Notably, the TBLR (12 month) will increase to 5.80% from 5.75%, while the UCO G-Sec Rate (1 year) will decrease to 5.57% from 6.00%. Rates such as Repo Linked Rate, Base Rate, and BPLR remain unchanged. These changes are expected to impact the bank's lending and deposit rates.