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India
Reported ownership for FY2027-Q2 as of 2026-09-30.
As of 06 Nov 2026, 03:30 pm
On November 4, 2026, S&P Global Ratings assigned UCO Bank a 'BBB' long-term issuer credit rating with a stable outlook. This rating reflects a very high likelihood of extraordinary support from the Government of India, placing the bank's rating one notch above its stand-alone credit profile (SACP). As of March 31, 2026, the bank reported a Risk-Adjusted Capital (RAC) ratio of 9.5% and a Common Equity Tier 1 (CET1) ratio of 16.4%.
Yes. The bank is conducting a Non-Deal Roadshow to engage prospective institutional investors for foreign currency fundraising under its Medium Term Note (MTN) Programme. Meetings were held in Dubai on November 2–3, 2026, and further sessions are scheduled for Singapore on November 10, 2026. The bank confirmed that no unpublished price-sensitive information will be shared during these sessions.
The bank has board approval to raise ₹27 billion in core equity capital, expected to be raised by fiscal 2028, which is projected to push the RAC ratio above 10%. Additionally, profitability is expected to improve to approximately 1.2% by end-fiscal 2029. These figures represent forward-looking estimates based on current board approvals and strategic plans.
As of November 6, 2026, the stock closed at ₹23.86. On a daily basis, technical indicators such as the Supertrend are bearish, with resistance levels noted at ₹24.03 and ₹24.20. However, the monthly trend shows a bullish Supertrend direction. Year-to-date returns are -19.2%, while the 1-year return stands at -25.3%, though the stock has gained +10.3% over the past 10 days.
As of 06 Nov 2026, 03:30 pm
Showing 3 of 6 candles
Recent drawdown or price variability is materially high and may lead to larger short-term outcomes.
Primary driver: Price remains materially below a previous peak
The session opened materially below the previous close, indicating a sharp repricing at the open.
The price gap may increase short-term downside uncertainty and warrants review of the underlying context.
The session opened materially above the previous close, indicating a sharp repricing at the open.
The move may reflect new information; subsequent price follow-through is worth monitoring.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
The session traded across a materially wider price range than usual.
Larger price swings can increase short-term uncertainty, especially if they continue.
Latest complete financial results for Q2 FY27 and comparative quarterly trends.
| Metric | Q2 FY26 | Q1 FY27 | Q2 FY27(Latest) |
|---|---|---|---|
| Income | ₹7,421.39 crore | PEAK₹8,682.24 crore | ₹8,174.08 crore |
| Interest Earned | ₹6,537.17 crore | ₹6,996 crore | PEAK₹7,286.32 crore |
| Interest Expended | ₹4,004.45 crore | ₹4,187.64 crore | PEAK₹4,399.92 crore |
| Other Income | ₹884.22 crore | PEAK₹1,686.24 crore | ₹887.76 crore |
| Operating Profit Before Provision And Contingencies | ₹1,613.20 crore | PEAK₹2,809.54 crore | ₹1,872.36 crore |
| Provisions Other Than Tax And Contingencies | ₹588.14 crore | ₹234.61 crore | PEAK₹807.67 crore |
| Profit Loss From Ordinary Activities Before Tax | ₹1,025.06 crore | PEAK₹2,574.93 crore | ₹1,064.69 crore |
| Profit Loss For The Period | ₹619.76 crore | ₹656.33 crore | PEAK₹785.64 crore |
| Tax Expense | ₹405.30 crore | PEAK₹1,918.60 crore | ₹279.05 crore |
UCO Bank reported standalone profit after tax of ₹785.64 crore for the quarter ended 30 September 2026, up 26.8% from ₹619.76 crore a year earlier and 19.7% from ₹656.33 crore in the preceding quarter. Year-on-year growth in interest income and operating profit supported the result, while provisions rose and pre-tax profit increased only modestly. Improving reported asset-quality measures were another notable feature of the quarter.
At 30 September 2026, advances stood at ₹2,82,571.02 crore, up 9.6% from 30 June. Deposits rose 6.7% over the same period to ₹3,49,590.46 crore, while total assets increased 6.1% to ₹4,19,956.62 crore. Investments were ₹99,927.51 crore, up 1.2% quarter on quarter. Advances therefore grew faster than investments during the quarter.
Exchange disclosures and regulatory announcements for UCO Bank.
UCO Bank’s Asset Liability Management Committee reviewed and revised certain benchmark rates, effective 07.11.2026. MCLR rates increased by 0.10 percentage point for the overnight, three-month, six-month and one-year tenors; the one-month MCLR remains 8.20%. TBLR rates increased to 5.70% (three month), 6.20% (six month) and 6.40% (12 month), while the UCO G-Sec Rate (1 year) increased to 6.77% and the 10-year G-Sec rate (YTM, annualized) to 7.59%. Repo-linked rates, Base Rate and BPLR remain unchanged.
UCO Bank has notified the National Stock Exchange of India regarding the schedule for a non-deal roadshow aimed at engaging prospective institutional investors for foreign currency fund raising under its Medium Term Note (MTN) Programme. The meetings are scheduled for November 10, 2026, in Singapore, organized by Barclays Bank PLC, Mizuho, and Emirates NBD, and will be conducted via in-person and virtual modes. The bank confirmed that no unpublished price-sensitive information will be shared during these sessions.
On November 4, 2026, UCO Bank informed the National Stock Exchange that S&P Global Ratings assigned a 'BBB' long-term and 'A-2' short-term issuer credit rating with a stable outlook. The rating reflects a very high likelihood of extraordinary support from the Government of India, placing the bank's long-term rating one notch above its stand-alone credit profile (SACP). Key financial metrics cited include a Risk-Adjusted Capital (RAC) ratio of 9.5% and a Common Equity Tier 1 (CET1) ratio of 16.4% as of March 31, 2026. The bank has board approval to raise Indian rupee 27 billion in core equity capital, expected to be raised by fiscal 2028, which is projected to push the RAC ratio above 10%. Profitability is expected to improve to approximately 1.2% by end-fiscal 2029.
UCO Bank reported that senior officials held one-on-one and group meetings with multiple institutional investors in Dubai on 2 and 3 November 2026, both in person and virtually, as part of a Non-Deal Roadshow. The Bank stated that only information already in the public domain was discussed and that no unpublished price-sensitive information pertaining to the Bank was shared.
UCO Bank has informed the Exchange about Investor Presentation |SUBJECT: Investor Presentation
UCO Bank will participate in a non-deal roadshow on 2 and 3 November 2026 to engage prospective institutional investors regarding foreign-currency fundraising through its Medium Term Note (MTN) Programme. Meetings with multiple institutional investors, organized by Mashreq, will be held one-on-one and in groups, in person and virtually in the UAE. The bank stated that no unpublished price-sensitive information is proposed to be shared; an investor presentation will be shared in due course.
UCO Bank reported a change in its Board of Directors effective October 23, 2026. Mr. Mohamed Ashraf J S was appointed as a Non-Executive Non-Independent Director for a term of 36 months, while Mr. Hari Har Mishra ceased to hold the same designation. The appointment of Mr. Ashraf J S, a Deputy Secretary in the Department of Financial Services, Ministry of Finance, Government of India, is not related to any existing directors of the Bank.
UCO Bank notified the NSE on October 23, 2026, that the Central Government nominated Shri Mohamed Ashraf J S as a Director on its Board in place of Shri Hari Har Mishra, effective immediately. The appointment was made under Section 9 of the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970, via Notification eF.No.6/2/2022-BO.I/3 dated 23.10.2026. Shri Hari Har Mishra ceased to be a Director with effect from 23.10.2026. Shri Mohamed Ashraf J S is currently serving as Deputy Secretary in the Ministry of Finance, Department of Financial Services, and is not debarred by SEBI or any other authority.
Recent market and company developments associated with UCO Bank.
A Chandigarh District Consumer Commission directed UCO Bank’s Rupnagar branch manager to pay ₹15,000 in compensation after finding that the bank delayed revising a widow’s family pension despite instructions from the pension authorities. The commission said the delay caused hardship and mental harassment, and that paying the arrears after a consumer complaint was filed did not undo the impact.
Indian equities extended their winning streak to a fourth consecutive session, with the Nifty 50 rallying 1.58% to settle at 23,811 as broad-based buying sustained market recovery. Key entities including NSE, SBI, MCX, and Happiest Minds Technologies are in focus following strong quarterly earnings, while other firms like Chambal Fertilisers and Bata India reported mixed results with profit declines or margin contractions despite revenue growth.
The fund mobilization supported the Kolkata-based bank’s liquidity requirements as advances grew 24.7% year-on-year in the September quarter.
Stok market strategy: With selling pressure easing and momentum improving, we now maintain our ‘buy-on-dips’ stance, says Mehul Kotharo of Anand Rathi
UCO Bank MD & CEO (I/C) Rajendra Kumar Saboo said the bank has already brought gross NPA below 2% and sees limited impact from drought conditions and higher bond yields.
UCO Bank Q2 net jumps 26.76% at ₹785.64 crore, aims at 12-14% credit growth for FY27
Indian Bank, UCO Bank, South Indian Bank and Karur Vysya Bank reported double-digit Q2 profit growth, supported by core income and loan expansion. However, rising bond yields hurt treasury earnings, while improving asset quality and provisions shaped quarterly performance.
Comprehensive Section Breakdown for UCO Bank
Strategic Vision: Indian commercial bank providing financial participation across key economic sectors.
• Government of India Undertaking status
• Extensive domestic branch network
• International presence in key financial centers
• Correspondent and agency arrangements globally
Total income was ₹8,174.08 crore, up 10.1% year on year and down 5.9% quarter on quarter. Interest earned rose 11.5% year on year to ₹7,286.32 crore and 4.1% sequentially. Interest expended increased 9.9% year on year to ₹4,399.92 crore and 5.1% quarter on quarter. Other income was ₹887.76 crore, little changed from a year earlier but down 47.4% from June’s ₹1,686.24 crore.
Operating profit before provisions and contingencies reached ₹1,872.36 crore, up 16.1% year on year but down 33.4% quarter on quarter. The sequential fall in other income was a significant contrast with the continuing increase in interest earned.
Gross non-performing assets declined to ₹5,632.22 crore from ₹5,667.16 crore in June and ₹5,894.72 crore a year earlier. Net non-performing assets fell to ₹513.49 crore, from ₹675.71 crore in June and ₹961.94 crore a year earlier.
The gross NPA ratio improved to 1.96%, compared with 2.08% in June and 2.56% a year earlier. The net NPA ratio was 0.18%, down from 0.25% and 0.43%, respectively. The lower NPA balances and ratios alongside quarter-on-quarter growth in advances indicate an improvement in the reported asset-quality measures.
Provisions other than tax and contingencies increased to ₹807.67 crore from ₹588.14 crore a year earlier and ₹234.61 crore in June. Profit before tax was ₹1,064.69 crore, up 3.9% year on year but down 58.7% quarter on quarter.
Tax expense was ₹279.05 crore, compared with ₹405.30 crore a year earlier and ₹1,918.60 crore in June. The sequential increase in net profit came despite the marked decline in pre-tax profit, with the lower tax expense contributing to the difference. Return on assets was 0.80%, against 0.71% a year earlier and 0.68% in June. Basic and diluted earnings per share were both ₹0.63, compared with ₹0.49 a year earlier and ₹0.52 in the preceding quarter.
Operating expenses were ₹1,901.80 crore, up 5.4% year on year and 12.9% quarter on quarter. Employee costs were ₹1,207.52 crore, while other operating expenses were ₹694.28 crore. Total expenditure excluding provisions and contingencies reached ₹6,301.72 crore, up 8.5% year on year and 7.3% sequentially.
CET1 stood at 17.06% at quarter-end, compared with 15.61% a year earlier and 17.22% in June. The additional Tier 1 ratio was 0.21%. Reserves and surplus increased to ₹22,038.52 crore from ₹20,709.67 crore in June. The Government of India’s shareholding remained at 90.95%.
In its investor presentation for the September 2026 quarter, UCO Bank reported net interest income of ₹2,886 crore, up 13.96% year on year. Retail advances reached ₹76,817 crore, up 30.23% from a year earlier. Management also reported a provision coverage ratio of 98.36% including technical write-offs, alongside a domestic net interest margin of 3.19% and deposits of ₹3,49,590 crore, up 14.36% year on year. These operating measures come from the bank's own presentation and sit alongside the reviewed results for the quarter.
UCO Bank’s September-quarter profit rose year on year as interest income and operating profit increased, while advances and deposits expanded and reported asset-quality measures improved. Higher provisions moderated the contribution from operating performance, and the quarter-on-quarter profit increase was accompanied by a sharp fall in tax expense despite substantially lower pre-tax profit. The quarter’s key investor signals are continued balance-sheet growth, improving NPAs and the impact of volatile other income and provisions on reported earnings.
Category: Financial Services
Provides core banking solutions including accounts, digital transactions, bill payments, and investment options through a widespread branch network and digital platforms.
Category: Financial Services
Offers core banking solutions including accounts, digital transactions, bill payments, and investment options through a widespread branch network and digital platforms.
Category: Financial Services
Delivers international banking services including NRI banking, foreign currency loans, finance for exporters/importers, remittances, and forex services through authorized branches.
Category: Financial Services
Offers online banking services via UCO Net-Banking for retail and corporate users, enabling account management, fund transfers, deposit operations, and bill payments.
Key Products & Services: UCO Net-Banking
Core Thesis: The bank provides financial participation across key economic sectors, supported by a strong domestic and international network, and enhanced by digital platforms.
• Financial Participation: The bank provides financial participation across key sectors of the economy including Agriculture, Industry, Trade & Commerce, the Service Sector, and the Infrastructure Sector. • Extensive Distribution Network: Operations are supported by a countrywide network of over 3000 service units within India, supplemented by an international presence in major financial centers. • Digital Service Delivery: Digital banking platforms allow customers to access a broad spectrum of services online, providing anytime, anywhere banking.