# UCOBANK (UCOBANK) — Stock analysis

> Faxioms all-in-one stock review. Canonical page: https://faxioms.com/stocks/ucobank

## Current market snapshot

- Exchange: NSE
- Country: India
- Price: ₹23.75
- Change: +0.68%
- As of: 2026-09-18
- 1D return: +0.68%
- 5D return: -0.75%
- 1M return: -7.98%
- Latest complete quarter: fy27_q1

## Faxioms Analysis

_As of 2026-09-18_

### Technical Outlook

As of September 18, 2026, UCOBANK is trading at ₹23.75, with a daily technical stance indicating a bearish trend. This is supported by the price being below key daily moving averages (EMA 20, EMA 50, SMA 20, SMA 200, SMA 50) and the Supertrend indicator. The weekly timeframe also shows a bearish trend, with the price below its EMA 20, EMA 50, SMA 20, SMA 50, and Supertrend. In contrast, the monthly timeframe exhibits a bullish trend, with the price above its Supertrend indicator, though it remains below the monthly EMA 20 and SMA 20. This divergence suggests short-term weakness within a potentially longer-term upward bias.

Nearest support is observed at ₹23.71, followed by ₹23.45. Overhead resistance is noted at ₹23.86, then ₹24.12. The stock has experienced a maximum drawdown of -0.5, with current annualized volatility at 0.34. Recent market activity includes 2 downside events and 2 positive attention events in the last 30 days.

Key watch conditions include monitoring the price action around the ₹23.71 support level and the ₹23.86 resistance. A sustained move below ₹23.71 could reinforce the bearish short-term outlook, while a break above ₹23.86 might signal a potential shift.

- Current price on September 18, 2026: ₹23.75
- Nearest support level: ₹23.71
- Nearest resistance level: ₹23.86
- Daily and weekly timeframes indicate a bearish trend.
- Monthly timeframe indicates a bullish trend, creating a mixed signal across timeframes.

- Doji
- Inside Bar
- Bullish Engulfing Reversal
- Morning Star
- Evening Star

### News Context

UCO Bank announced on August 24, 2026, that its Board of Directors approved a plan to raise up to USD 1.00 Billion through a Medium Term Note (MTN) Programme. This fundraising initiative is intended to be executed in one or more tranches.

In a separate development, the bank's Asset Liability Management Committee (ALCO) revised certain benchmark interest rates effective September 7, 2026. The 1-year UCO G-Sec Rate was increased to 5.88%, and the 10-year G-Sec Rate Yield to Maturity (YTM) was raised to 7.09%. Additionally, the 6-month Treasury Bill Linked Rate (TBLR) was set at 5.55%, and the 12-month TBLR at 5.70%. Rates for MCLR, 3-month TBLR, Repo Linked Rates, Base Rate, and BPLR remained unchanged.

Furthermore, UCO Bank informed the exchange on September 10, 2026, about a 'Notice of Strike by UFBU', indicating potential labor action.

- On August 24, 2026, UCO Bank's Board approved raising up to USD 1.00 Billion via a Medium Term Note Programme.
- Effective September 7, 2026, UCO Bank's ALCO increased the 1-year UCO G-Sec Rate to 5.88% and the 10-year G-Sec Rate YTM to 7.09%.
- The 6-month TBLR was raised to 5.55% and the 12-month TBLR to 5.70% effective September 7, 2026.
- UCO Bank notified the exchange on September 10, 2026, regarding a 'Notice of Strike by UFBU'.

- UCO Bank has informed the Exchange regarding 'Notice of Strike by UFBU'. |SUBJECT: Updates
- UCO Bank has informed the Exchange regarding 'Interest Rate Updates' effective from 07-Sept-2026 |SUBJECT: Updates
- UCO Bank has informed the Exchange regarding Outcome of Board Meeting held on August 24, 2026 |SUBJECT: Outcome of Board Meeting
- Board Meeting Intimation |Meeting Date: 24-Aug-2026
- UCO Bank has informed the Exchange about Board Meeting to be held on 24-Aug-2026 to consider Fund raising. |SUBJECT: Board Meeting Intimation

### What Changed

As of the report date, September 18, 2026, UCO Bank's stock price has seen a slight increase, moving from ₹23.59 to ₹23.75. This change occurred between the observation date of the previous price and the current report date. No new filings or news developments were reported for the company in the recent period.

The bank continues to be listed on the NSE under the symbol UCOBANK. The available data does not indicate any changes in its daily or weekly trends.

- UCO Bank's stock price increased to ₹23.75 on September 18, 2026, from ₹23.59 previously.
- No new filings were reported for UCO Bank as of September 18, 2026.
- No new news developments were reported for UCO Bank as of September 18, 2026.
- UCO Bank remains listed on the NSE.

### Official Filings

UCO Bank's board approved a significant fundraising initiative on August 24, 2026, by authorizing the bank to raise up to USD 1.00 Billion through a Medium Term Note (MTN) Programme. This debt issuance will occur in one or more tranches, providing the bank with flexibility in accessing international capital markets. Earlier, on August 5, 2026, Infomerics Valuations & Research Ltd. reaffirmed the bank's credit ratings, maintaining an "AA-/Positive" rating on its BASEL III AT I Bonds and an "AA/ Positive" on its Issuer Rating. This reaffirmation applied to ₹1000 crore of BASEL III AT I Bonds, with ₹500 crore already utilized. The bank's Asset Liability Management Committee (ALCO) also made adjustments to benchmark interest rates. Effective September 7, 2026, the 1-year UCO G-Sec Rate was raised to 5.88% and the 10-year G-Sec Rate YTM to 7.09%, with other rates like 6-month and 12-month TBLR also seeing increases. These rate adjustments reflect evolving market conditions.

Separately, on September 10, 2026, the bank disclosed a notice of strike by UFBU, indicating potential labor-related disruptions. On August 17, 2026, a security cover certificate for Q1 FY 2026-2027 was issued concerning the bank's unsecured debentures, noting that a 'NIL' certificate was required as the bank only has unsecured debt securities.

- On August 24, 2026, the Board approved raising up to USD 1.00 Billion via a Medium Term Note (MTN) Programme.
- Infomerics Valuations & Research Ltd. reaffirmed UCO Bank's ratings as "AA-/Positive" for BASEL III AT I Bonds and "AA/ Positive" for Issuer Rating on August 5, 2026.
- Benchmark interest rates were revised effective September 7, 2026, with the 1-year UCO G-Sec Rate increasing to 5.88% and the 10-year G-Sec Rate YTM to 7.09%.
- A notice of strike by UFBU was disclosed on September 10, 2026.
- A security cover certificate for Q1 FY 2026-2027 was issued on August 17, 2026, related to unsecured debentures.

- UCO Bank has informed the Exchange regarding 'Notice of Strike by UFBU'. |SUBJECT: Updates
- UCO Bank has informed the Exchange regarding 'Interest Rate Updates' effective from 07-Sept-2026 |SUBJECT: Updates
- UCO Bank has informed the Exchange regarding Outcome of Board Meeting held on August 24, 2026 |SUBJECT: Outcome of Board Meeting
- Board Meeting Intimation |Meeting Date: 24-Aug-2026
- UCO Bank has informed the Exchange about Board Meeting to be held on 24-Aug-2026 to consider Fund raising. |SUBJECT: Board Meeting Intimation
- Fund Raising |Meeting Date: 24-Aug-2026
- CENTBANK FINANCIAL SERVICES LIMITED has informed the exchange for UCO Bank regarding Security Cover Certificate of ISIN INE691A08070 for Q1 for the FY 2026-2027 |SUBJECT: Security Cover Certificate

### Fundamentals

UCO Bank's recent operating performance shows a mixed trend across key income streams. Revenue on Investments remained relatively stable, reported at ₹1,652.85 crore in Q3 FY2025-26, ₹1,639.14 crore in Q4 FY2025-26, and ₹1,653.56 crore in Q1 FY2026-27. Interest Earned saw an increase, moving from ₹6,651.84 crore in Q3 FY2025-26 to ₹6,996 crore in Q1 FY2026-27. However, Other Income experienced significant fluctuations, dropping from ₹869.32 crore in Q3 FY2025-26 to ₹708.89 crore in Q4 FY2025-26 before surging to ₹1,686.24 crore in Q1 FY2026-27. On the expense side, Interest Expended increased sequentially from ₹4,005.72 crore in Q3 FY2025-26 to ₹4,187.64 crore in Q1 FY2026-27. Employees Cost also saw a rise from ₹1,068.07 crore in Q4 FY2025-26 to ₹1,161.95 crore in Q1 FY2026-27, while Other Operating Expenses decreased from ₹681.88 crore in Q4 FY2025-26 to ₹523.11 crore in Q1 FY2026-27. The volatility in Other Income and the rising Interest Expended are key areas to monitor for future profitability.

- Revenue on Investments was ₹1,653.56 crore in Q1 FY2026-27.
- Interest Earned increased to ₹6,996 crore in Q1 FY2026-27 from ₹6,651.84 crore in Q3 FY2025-26.
- Other Income showed significant variation, reaching ₹1,686.24 crore in Q1 FY2026-27.
- Interest Expended was ₹4,187.64 crore in Q1 FY2026-27.
- Other Operating Expenses decreased to ₹523.11 crore in Q1 FY2026-27 from ₹681.88 crore in Q4 FY2025-26.

### Bull Case

The company's monthly trend analysis indicates a constructive setup, with the Supertrend indicator showing a bullish signal. This suggests that, on a longer-term monthly basis, the price action has been in an uptrend. However, the daily and weekly trends are currently exhibiting bearish Supertrend signals, indicating short-to-medium term weakness. The stock is trading below its 20-day and 50-day Simple Moving Averages (SMAs) on a daily basis, with negative slopes for these averages, reinforcing the near-term cautionary signals. Despite these short-term headwinds, the monthly bullish Supertrend suggests potential for a longer-term recovery if the daily and weekly trends shift.

- Monthly Supertrend indicator is bullish as of 2026-09-18.
- Daily and weekly Supertrend indicators are bearish as of 2026-09-18.
- Daily 20-day and 50-day SMAs have negative slopes, indicating short-term downward momentum.

### Bear Case

UCO Bank's technical indicators suggest a weakening trend. The daily Supertrend is currently in a bearish direction, and moving averages like the 20-day and 50-day Exponential Moving Averages (EMAs) are sloping downwards. This is further supported by a negative 5-day slope for both the 20-day and 50-day Simple Moving Averages (SMAs). The stock has also experienced significant drawdowns, with a current drawdown of -48% and a maximum drawdown of -50% observed. Returns over various periods, including the last year (-22%) and year-to-date (-20%), have been negative, indicating a challenging performance.

- The daily Supertrend indicator is currently signaling a bearish trend as of 2026-09-18.
- The 20-day EMA slope is -0.49 and the 50-day EMA slope is -0.26, both indicating a downward trend.
- The stock has experienced a current drawdown of -48% and a maximum drawdown of -50%.
- Year-to-date returns are -20% and the 1-year return is -22% as of 2026-09-18.

### FAQs

**What was UCO Bank's strategy for raising foreign currency as of August 2026?**

On August 24, 2026, UCO Bank's Board of Directors approved a plan to raise up to USD 1.00 Billion in foreign currency. This will be done through a Medium Term Note (MTN) Programme, which allows for issuance in multiple tranches.

**How have UCO Bank's benchmark interest rates changed recently?**

Effective September 7, 2026, UCO Bank's Asset Liability Management Committee (ALCO) increased the 1-year UCO G-Sec Rate to 5.88% and the 10-year G-Sec Rate YTM to 7.09%. The 6-month TBLR was raised to 5.55% and the 12-month TBLR to 5.70%. Other rates, including MCLR, 3-month TBLR, Repo Linked Rates, Base Rate, and BPLR, remained unchanged.

**What is the recent technical trend for UCO Bank shares?**

As of September 18, 2026, UCO Bank's daily trend indicates a bearish direction, with the Supertrend indicator at 25.1 and the 14-day ADX at 30.47, suggesting strong trending conditions. The closing price of ₹23.75 is below the 20-day EMA (₹24.52) and 50-day EMA (₹25.28). However, the monthly trend shows a bullish Supertrend direction, although the 20-day EMA (₹29.72) and 50-day EMA (₹29.28) are higher than the current price.

**What has been UCO Bank's stock performance over different periods?**

UCO Bank's stock has experienced negative returns across various periods as of September 18, 2026. The year-to-date (YTD) return is -20%, and the 1-year return is -22%. Longer-term returns also show declines, with a return of -46% since the start. More recently, the 1-month return is -8% and the 3-month return is -15%.

- UCO Bank has informed the Exchange regarding 'Notice of Strike by UFBU'. |SUBJECT: Updates
- UCO Bank has informed the Exchange regarding 'Interest Rate Updates' effective from 07-Sept-2026 |SUBJECT: Updates
- UCO Bank has informed the Exchange regarding Outcome of Board Meeting held on August 24, 2026 |SUBJECT: Outcome of Board Meeting
- Board Meeting Intimation |Meeting Date: 24-Aug-2026
- UCO Bank has informed the Exchange about Board Meeting to be held on 24-Aug-2026 to consider Fund raising. |SUBJECT: Board Meeting Intimation
## Technical analytics

- As of: 2026-09-18
- Daily trend: Strong Downtrend
- Weekly trend: Weak Downtrend
- Pivot point: ₹23.71
- Risk regime: Higher Price Risk

### Support levels
- 22.22
- 23.44666666666667
- 23.303333333333335

### Resistance levels
- 31.947812499999998
- 33.226875
- 38.76

### Return and range metrics

| Metric | Value |
| --- | --- |
| return_1 | +0.68% |
| return_10 | -3.61% |
| return_1m | -8.30% |
| return_1y | -21.69% |
| return_20 | -7.98% |
| return_3m | -15.15% |
| return_5 | -0.75% |
| return_6m | -7.52% |
| return_since_start | -45.85% |
| return_ytd | -19.57% |

### Risk and volatility metrics

| Metric | Value |
| --- | --- |
| state | high_risk |
| label | Higher price risk |
| summary | Recent drawdown or price variability is materially high and may lead to larger short-term outcomes. |
| maximum_drawdown | -50.41% |
| annualized_volatility | +33.67% |

## Quarterly financials

- Latest complete quarter: fy27_q1

# Operating profit before provisions rises sharply on higher other income, but large tax expense limits net profit growth

UCO Bank’s operating profit before provisions increased sharply in the first quarter of FY2026-27, driven by a large jump in other income and a decline in operating expenses. However, profit after tax rose only 8% from a year ago and fell 18% from the previous quarter, as a substantial increase in tax expense absorbed most of the operating gain. Asset quality continued to improve, with the gross NPA ratio falling to 2.08% from 2.17% in the March quarter and 2.63% a year ago.

## Revenue and operating profit before provisions

Total interest earned rose 8.7% year-on-year to ₹6,996 crore, while interest expended grew 3.8% to ₹4,188 crore. Because interest income grew faster than interest expense, net interest income increased from the year-ago period.

Other income, which includes fees, trading gains and other non‑interest revenue, was the standout item. It rose 69% year-on‑year to ₹1,686 crore and more than doubled from the March quarter (₹709 crore). Operating expenses fell 8.3% year-on‑year to ₹1,685 crore, with employee costs down 9.0% and other operating expenses down 6.9%.

These factors lifted operating profit before provisions and contingencies to ₹2,810 crore, an increase of approximately 80% from both the year-ago period and the preceding quarter.

## Provisions and tax impact

Provisions other than tax and contingencies declined further, to ₹235 crore. This was less than half the ₹616 crore recorded a year earlier and 28% lower than the March quarter.

Profit before tax reached ₹2,575 crore, compared with ₹946 crore a year ago and ₹1,247 crore in the previous quarter. However, tax expense rose sharply to ₹1,919 crore, up from ₹339 crore a year earlier and ₹446 crore in the prior quarter. Consequently, profit after tax was ₹656 crore, an 8% increase year‑on‑year but an 18% decline from the March quarter.

## Asset quality and capital

Gross non‑performing assets declined further, to ₹5,667 crore. The gross NPA ratio improved to 2.08% from 2.17% in March and 2.63% a year ago. The bank’s CET1 ratio rose to 17.22%, up from 16.36% in the previous quarter.

## Key takeaway

UCO Bank’s first quarter saw a sharp increase in operating profit before provisions, driven by higher other income, lower operating expenses and an improvement in net interest income. However, a sharp rise in tax expense kept net profit growth modest on a year‑on‑year basis and led to a sequential decline. Asset quality and capital ratios continued to improve during the quarter.

### Ratios

## Official filings

- 2026-09-10 — Generic Announcement: UCO Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_10092026122508_STRIKE.pdf)
- 2026-09-07 — Generic Announcement: UCO Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_07092026151337_NSEBSEMCLR207092026.pdf)
- 2026-08-24 — Generic Announcement: UCO Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_24082026174306_NSEBSEFUND.pdf)
- 2026-08-20 — Board Meeting Notice: UCO Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2152_WebXMLFile_20260820_130318049.xml)
- 2026-08-20 — Generic Announcement: UCO Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/xbrl/PRIOR_INTIMATION_2152_WebXMLFile_20260820_130318049.xml)
- 2026-08-19 — Board Meeting Notice: UCO Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_19082026191137_NSEBSEBMFCFR190820226.pdf)
- 2026-08-17 — Generic Announcement: UCO Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CBFCL_17082026114441_Security_Cover_Certificate_UCO_Signed.pdf)
- 2026-08-17 — Generic Announcement: UCO Bank — [Official attachment](https://nsearchives.nseindia.com/corporate/CBFCL_17082026114441_Security_Cover_Certificate_UCO_Signed.pdf)
- 2026-08-07 — Generic Announcement: UCO Bank's Asset Liability Management Committee (ALCO) reviewed and revised benchmark rates effective August 7, 2026. The TBLR (3 month) rate increased to 5.50%, TBLR (12 month) decreased to 5.65%, and the UCO G-Sec Rate (1 year) increased to 5.80%. The 10-year G-Sec Rate YTM increased to 6.96%. MCLR rates and other benchmark rates remained unchanged. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_07082026114803_NSEBSEMCLR.pdf)
- 2026-08-05 — Credit Rating Update: On August 5, 2026, UCO Bank announced that Infomerics Valuations & Research Ltd. reaffirmed its rating of "AA-/Positive" on the Bank's BASEL III AT I Bonds and "AA/ Positive" on its Issuer Rating. The rating applies to Rs. 1000 crore of BASEL III AT I Bonds, of which Rs. 500 crore has been utilized. The credit rating was reaffirmed on August 4, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_05082026114000_INFOMERICS050826.pdf)
- 2026-07-30 — Generic Announcement: UCO Bank held a post-earnings call on July 23, 2026, to discuss Q1 FY27 financial results. The bank reported total business of ₹6,05,000 crores, a 15.53% year-on-year growth, with advances up 21.18% and deposits up 11.28%. Operating profit grew 79.8% to ₹2,810 crores, supported by a ₹1,018 crore recovery from written-off accounts. Net profit was ₹656 crores, impacted by a one-time ₹1,237 crore DTA charge due to a tax regime change. Gross NPA reduced to 2.08% and Net NPA to 0.25%. The bank also highlighted initiatives in digital transformation, new product launches, and IT upgrades. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_30072026124124_NSEBSETRANSCRIPT30072026.pdf)
- 2026-07-27 — Credit Rating Update: On July 27, 2026, Fitch Ratings assigned UCO Bank a Long-Term Issuer Default Rating (IDR) of 'BBB-' with a Stable Outlook, a Short-Term IDR of 'F3', a Government Support Rating (GSR) of 'bbb-', and a Viability Rating (VR) of 'bb'. The IDR and GSR are equalized with India's sovereign rating, reflecting Fitch's view of a high probability of extraordinary state support due to the state's 91% ownership. The VR is supported by structural improvements in the bank's financial profile, including asset quality, capitalization, and profitability. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_27072026220305_nsebsefitch.pdf)
- 2026-07-23 — Generic Announcement: UCO Bank uploaded the audio/video recording of its Post Earnings Call with Analysts, held on July 23, 2026, to its website. The recording can be accessed via the link https://uco.bank.in/2026-27-quarter-1. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_23072026185251_NSEBSERECORDING23072026-F.pdf)
- 2026-07-23 — Official Filing: UCO Bank has disclosed a video recording of its earnings call held on July 23, 2026. The recording was uploaded to the company's website on July 23, 2026, at 18:30:00. Prior intimation of the earnings call was provided to the exchange on July 16, 2026.
- 2026-07-22 — Generic Announcement: UCO Bank has released its investor presentation for the quarter ended June 30, 2026. The presentation details financial results, including profitability, deposits, and advances, alongside major economic highlights and the bank's performance against guidance. It also covers business mix, sectoral credit advances, MSME portfolio, and key financial indicators such as Net Interest Margin and Return on Assets. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_22072026163711_PPT30062026.pdf)
- 2026-07-22 — Generic Announcement: UCO Bank's Board of Directors met on July 22, 2026, to approve the unaudited financial results for the quarter ended June 30, 2026. The bank reported a net profit of Rs. 65.63 crore for the quarter. The statutory central auditors issued a limited review report with an unmodified opinion on these results. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_22072026161557_FR30062026.pdf)
- 2026-07-22 — Press Release: UCO Bank reported unaudited financial results for the quarter ended June 30, 2026. Total business reached Rs. 6,05,083 Crore, a 15.53% year-over-year increase. Operating profit grew 79.84% to Rs. 2,810 Crore, while net profit was Rs. 656 Crore, an 8.05% increase from the previous year. Gross NPA reduced to 2.08% and Net NPA to 0.25%. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_22072026163349_PR30062026F.pdf)
- 2026-07-16 — Generic Announcement: UCO Bank will hold a virtual post-earnings call on July 23, 2026, at 03:30 PM to discuss financial performance for the quarter ended June 30, 2026. The call will be attended by the Bank's management, including MD & CEO (I/C) Rajendra Kumar Saboo and Executive Director Vijay N Kamble, and hosted by Antique Stock Broking Limited. Only publicly available information will be shared. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_16072026164040_NSEBSEEARNINGSCALL16072026.pdf)
- 2026-07-09 — Generic Announcement: UCO Bank, through its Registrar and Transfer Agent KFin Technologies Ltd., has submitted a confirmation certificate for the quarter ended June 30, 2026. This certificate complies with Regulation 74(5) of SEBI (Depositories and Participants) Regulations, 2018, confirming that details of securities dematerialized or rematerialized have been furnished to all relevant stock exchanges. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_09072026191011_NSEBSE7409072026.pdf)
- 2026-07-02 — Generic Announcement: UCO Bank disclosed its financial performance for the quarter ending June 30, 2026, with provisional figures showing Total Business at Rs. 6.05 lakh crore, Total Advances at Rs. 2.73 lakh crore, and Total Deposits at Rs. 3.32 lakh crore. Year-over-year growth for Total Business was 15.46%, Total Advances grew 21.33%, and Total Deposits increased by 11.04% compared to the same period in the previous year. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_02072026192111_NSEBSEPROV30062026.pdf)
- 2026-06-30 — Generic Announcement: UCO Bank will close its trading window for dealing in the bank's shares from July 1, 2026, until 48 hours after the disclosure of financial results for the quarter ended June 30, 2026. The date for the Board of Directors' meeting to approve these financial results will be communicated later. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_30062026113450_NSEBSETW30062026.pdf)
- 2026-06-19 — Management Change: UCO Bank announced that the Department of Financial Services, Ministry of Finance, Government of India, has assigned Shri Rajendra Kumar Saboo, Executive Director, the additional charge of Managing Director & Chief Executive Officer. This assignment is effective from June 19, 2026, and will continue until August 31, 2026, or until a regular incumbent is appointed, whichever is earlier. The vacancy arose due to the completion of Shri Ashwani Kumar's term on May 31, 2026. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_19062026193131_MD_Appointment.pdf)
- 2026-06-18 — Generic Announcement: UCO Bank responded to the National Stock Exchange of India on June 18, 2026, regarding a significant increase in trading volume. The bank stated it is unaware of any undisclosed information or impending announcements that could affect its share price or volume behavior. UCO Bank confirmed that all material information impacting its operations and performance has been disclosed according to SEBI regulations. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_18062026110908_NSE_CLARIFICATION-18062026-FINAL.pdf)
- 2026-06-15 — Shareholding Disclosure: As of March 31, 2026, the President of India, as the promoter of UCO Bank, held 11,404,910,524 equity shares, representing 90.95% of the bank's equity. The promoter, along with persons acting in concert, reported no encumbrances on shares, directly or indirectly, during the financial year 2025-26, in compliance with SEBI (Substantial Acquisition of Shares and Takeovers) Regulations, 2011. — [Official attachment](https://nsearchives.nseindia.com/corporate/team_sandeshc_24042026113003_NSEBSESASTFINAL06042026.pdf)
- 2026-06-12 — Generic Announcement: UCO Bank held its 23rd Annual General Meeting on June 12, 2026, via video conference. All resolutions presented, including the adoption of financial statements for the year ended March 31, 2026, the declaration of a dividend for FY 2025-26, and the equity capital raising plan for FY 2026-27, were passed by the shareholders with the requisite majority. The appointment of Shri Hari Har Mishra as Director was also approved. — [Official attachment](https://nsearchives.nseindia.com/corporate/UCOBANK_12062026173708_SIGNED.pdf)

## News and market events

- 2026-09-11 — The Hindu: **Banking operations affected in Puducherry** — Banking services in Puducherry disrupted as over 500 employees strike for improved work conditions and wage issues. — [Source](https://www.thehindu.com/news/cities/puducherry/banking-operations-affected-in-puducherry/article71455620.ece)
- 2026-09-10 — Economic Times: **Four banks including RBL and Bank of Maharashtra line up overseas fund raise** — RBL Bank and Bank of Maharashtra are actively promoting dollar bonds in international markets as they look to refinance short-term loans acquired for FCNR(B) deposits. Meanwhile, UCO Bank and Bank of India are also gearing up for similar fundraising initiatives overseas, aiming to optimize their asset-liability structures following the closing of the FCNR(B) window. — [Source](https://economictimes.indiatimes.com/industry/banking/finance/banking/four-banks-including-rbl-and-bank-of-maharashtra-line-up-overseas-fund-raise/articleshow/133966369.cms)
- 2026-09-10 — Economic Times: **Bank strike tomorrow September 11: PNB, Indian Bank, SBI, UCO, list of banks that may face disruptions** — Bank strike on September 11: Several major lenders have warned customers that branch and office services may be affected if employees join the nationwide walkout. The unions have also announced further strikes from September 28 to 30 and threatened an indefinite strike from October 26, with demands including a five-day banking week. — [Source](https://economictimes.indiatimes.com/news/new-updates/bank-strike-tomorrow-today-september-11-canara-bank-union-bank-pnb-indian-bank-sbi-uco-list-of-banks-that-may-face-disruptions/articleshow/134001049.cms)
- 2026-09-10 — FREEPRESSJOURNAL.IN: **Bank Strikes May Disrupt Services Nationwide, Indian Bank, UCO Bank, BoM And PNB Issue Alerts** — Indian Bank, UCO Bank, Bank of Maharashtra and PNB have warned of possible service disruptions during nationwide strikes starting September 11. — [Source](https://www.freepressjournal.in/business/bank-strikes-may-disrupt-services-nationwide-indian-bank-uco-bank-bom-and-pnb-issue-alerts)
- 2026-09-09 — Economic Times: **RBL, BoM eye dollar bonds to refinance FCNR funding** — RBL Bank and Bank of Maharashtra are actively promoting dollar bonds in international markets as they look to refinance short-term loans acquired for FCNR(B) deposits. Meanwhile, UCO Bank and Bank of India are also gearing up for similar fundraising initiatives overseas, aiming to optimize their asset-liability structures following the closing of the FCNR(B) window. These funds will facilitate the repayment of short-term loans taken by the banks. — [Source](https://economictimes.indiatimes.com/markets/forex/forex-news/rbl-bom-eye-dollar-bonds-to-refinance-fcnr-funding/articleshow/133946872.cms)
- 2026-09-09 — Mint: **Banks scramble for foreign loans after FCNR deluge | Mint** — Indian banks are pursuing overseas funding through OFCBs to replace short-term financing used for FCNR(B) schemes — [Source](https://www.livemint.com/industry/banking/banks-offshore-funding-127-billion-fcnr-b-deposit-scheme-nri-rbi-11788846434018.html)
- 2026-09-03 — BUSINESS: **Indices trade in positive terrain; PSU Bank shares jump** — PSU Bank shares witnessed buying demand for second consecutive trading sessions. — [Source](https://www.business-standard.com/markets/capital-market-news/indices-trade-in-positive-terrain-psu-bank-shares-jump-126090300399_1.html)
- 2026-08-27 — BUSINESS: **Quick Wrap: Nifty PSU Bank Index declines 0.94%** — Powered by Capital Market - Live News — [Source](https://www.business-standard.com/markets/capital-market-news/quick-wrap-nifty-psu-bank-index-declines-0-94-126082700959_1.html)
- 2026-08-27 — Economic Times: **Lenders may turn to OFCB route to raise more funds abroad** — Indian banks are now shifting focus towards borrowing in overseas foreign currencies to meet their fundraising requirements. This strategic pivot comes in light of an advanced deadline on August 31 that altered original plans tied to deposit-linked fundraising. With the Reserve Bank of India (RBI) moving the timeline forward, many lenders have revised their bond issuance approaches. — [Source](https://economictimes.indiatimes.com/markets/stocks/news/lenders-exploring-ofcb-route-as-a-strategic-avenue-to-access-overseas-funds/articleshow/133553264.cms)
- 2026-08-26 — BUSINESSTODAY: **Top stocks in news: Groww, Welspun Corp, Gaja Capital, TMPV, Cipla, NBCC, HindCopper, UCO Bank, UPL** — Stocks in news, Stocks in buzz, Stocks to buy, Stocks to watch, Groww, Welspun Corp, Gaja Capital, Tata Motors PV, Cipla, NBCC, Hindustan Copper, UCO Bank, Sai Parenterals, Honasa Consumer, Gaja Alternative Asset Management, Billionbrains Garage Ventures, Varun Beverages, United Breweries, Advait Energy Transitions, ARSS Infrastructure Projects — [Source](https://www.businesstoday.in/markets/stocks/story/top-stocks-in-news-groww-welspun-corp-gaja-capital-tmpv-cipla-nbcc-hindcopper-uco-bank-upl-551349-2026-08-26)
- 2026-08-25 — CNBC-TV18: **UCO Bank's Rajendra Kumar Saboo to continue as interim MD & CEO for three more months** — The government has extended Saboo's additional charge as UCO Bank's MD & CEO until November 30 or until a permanent chief is appointed, whichever is earlier. — [Source](https://www.cnbctv18.com/business/companies/uco-bank-rajendra-kumar-saboos-additional-charge-as-md-ceo-extended-by-3-months-till-nov-30-19977000.htm)
- 2026-08-25 — BUSINESS: **Stock Alert: TCS, ICICI Bank, Hindstan Copper, Afcons Infra, UCO Bank** — SunShine Pictures will list today on the stock exchanges. The issue opened for bidding on 18 August 2026 and it closed on 20 August 2026. The price band of the IPO was fixed between Rs 342 and 360 per share. The offer received bids for 58.04 crore shares as against 54.86 lakh shares on offer. The issue was subscribed 105.81 times. — [Source](https://www.business-standard.com/markets/capital-market-news/stock-alert-tcs-icici-bank-hindstan-copper-afcons-infra-uco-bank-126082500128_1.html)
- 2026-08-24 — CNBC-TV18: **Stocks to watch for Aug 25: TCS, Suzlon Energy, ICICI Bank, Hindustan Copper and more** — From TCS’ plan to acquire Porsche AG’s IT consulting subsidiary MHP for €320 million to UCO Bank’s board approving a foreign currency fundraise of up to $1 billion through debt instruments, these are the stocks to track ahead of Tuesday’s trading session. — [Source](https://www.cnbctv18.com/photos/market/stocks-to-watch-for-aug-25-tcs-suzlon-energy-icici-bank-hindustan-copper-and-more-19975876.htm)
- 2026-08-24 — CNBC-TV18: **Top Stories: Stocks fall, rupee weakens, Fin Min flags aviation oligopoly, Indian hotels on the prowl** — Top 10@10 — CNBC-TV18’s daily newsletter featuring the top 10 stories on markets, corporate updates, economic insights, and financial highlights — delivered at 10 pm — [Source](https://www.cnbctv18.com/business/top-stories-stocks-fall-rupee-weakens-fin-min-flags-aviation-oligopoly-indian-hotels-on-the-prowl-19976062.htm)
- 2026-08-24 — Economic Times: **ICICI raises $1 billion, Union Bank $600 million through dollar bonds** — ICICI Bank raised $1 billion through a five-year private dollar bond, while Union Bank of India secured $600 million in its first international dollar issue in over a decade, benefiting from RBIs special swap window. UCO Bank also approved a $1 billion programme. — [Source](https://economictimes.indiatimes.com/markets/bonds/icici-raises-1-billion-union-bank-600-million-through-dollar-bonds/articleshow/133470684.cms)
- 2026-08-24 — CNBC-TV18: **UCO Bank board approves plan to raise up to $1 billion through foreign currency debt** — The state-owned lender plans to raise the funds through debt instruments under its Medium Term Note programme in one or more tranches. — [Source](https://www.cnbctv18.com/business/companies/uco-bank-board-approves-raising-up-to-usd1-billion-via-debt-instruments-under-mtn-programme-19975890.htm)
- 2026-08-21 — MONEYCONTROL: **Goldman Sachs muscles into Indian banks’ turf with state share deals** — Goldman Sachs, India, India government, India government shares, Kotak Mahindra, NSE, BSE, Wall Street — [Source](https://www.moneycontrol.com/news/business/companies/goldman-sachs-muscles-into-indian-banks-turf-with-state-share-deals-14012333.html)
- 2026-08-20 — Economic Times: **Home loan interest rates start at 7%: Check banks offering lowest interest rates on Rs 30 lakh–Rs 75 lakh loans - The Economic Times** — Home loan interest rates vary based on credit score and other borrower factors. A good credit score is essential for securing a low home loan interest rate. Borrowers should compare banks to find the best home loan interest rates. — [Source](https://economictimes.indiatimes.com/wealth/borrow/lowest-interest-rate-home-loans-indian-icici-hsbc-uco-federal-india-bank-rates-on-rs-30-75-lakh-borrowing/articleshow/133372025.cms)
- 2026-08-18 — BUSINESS: **Sensex slides 326 pts; PSU bank shares decline** — At 12:30 IST, the barometer index, the S&P BSE Sensex, declined 325.69 points or 0.42% to 77,402.47. The Nifty 50 index lost 72.15 points or 0.30% to 24,216. — [Source](https://www.business-standard.com/markets/capital-market-news/sensex-slides-326-pts-psu-bank-shares-decline-126081800496_1.html)
- 2026-08-15 — The Hindu: **NCLAT upholds insolvency proceedings against Nyka Steel guarantor over UCO Bank dues** — NCLAT upholds insolvency proceedings against Nyka Steel's personal guarantor over UCO Bank dues amid ongoing Corporate Insolvency Resolution. — [Source](https://www.thehindu.com/business/industry/nclat-upholds-insolvency-proceedings-against-nyka-steel-guarantor-over-uco-bank-dues/article71350456.ece)
- 2026-08-15 — Economic Times: **NCLAT upholds insolvency proceedings against Nyka Steel guarantor over UCO Bank dues** — The NCLAT upheld an NCLT order initiating insolvency proceedings against a personal guarantor. This decision involved Asif Ahmed Siddique, a guarantor for Nyka Steel. The tribunal found the guarantor's liability extended beyond the initial capped amount. It also noted the guarantor signed the credit facility renewal in 2018. — [Source](https://economictimes.indiatimes.com/industry/indl-goods/svs/steel/nclat-upholds-insolvency-proceedings-against-nyka-steel-guarantor-over-uco-bank-dues/articleshow/133258390.cms)
- 2026-08-15 — MONEYCONTROL: **NCLAT upholds insolvency proceedings against Nyka Steel personal guarantor in UCO Bank case** — NCLAT Nyka Steel, Nyka Steel insolvency, UCO Bank Nyka Steel, Asif Ahmed Siddique, personal guarantor insolvency, NCLAT personal guarantor, IBC Section 95, UCO Bank insolvency case, personal guarantee IBC, NCLAT latest order — [Source](https://www.moneycontrol.com/news/business/nclat-upholds-insolvency-proceedings-against-nyka-steel-personal-guarantor-in-uco-bank-case-14006309.html)
- 2026-08-12 — FREEPRESSJOURNAL.IN: **Tata Motors Consolidated Net Profit Rises 83% To ₹2,556 Crore In Q1 FY27** — Tata Motors Limited reported an 83% year-on-year increase in its consolidated net profit to ₹2,556 crore for the first quarter ended 30 June 2026, compared with ₹1,397 crore in the same period last year. Consolidated revenue from operations for Q1 FY27 grew 19% to ₹20,667 crore — [Source](https://www.freepressjournal.in/business/tata-motors-consolidated-net-profit-rises-83-to-2556-crore-in-q1-fy27)
- 2026-08-07 — Times of India: **Settling with a few cases won't stop CBI probe: Supreme Court warns realtors** — India News: NEW DELHI: The Supreme Court has put a spoke in efforts of defaulting realtors to escape CBI probe by settling with a few homebuyers. The court said t. — [Source](https://timesofindia.indiatimes.com/india/settling-with-a-few-wont-stop-probe-sc-to-realtors/articleshow/133018378.cms)
- 2026-08-05 — Mint: **Rate-sensitive stocks rise after RBI MPC outcome; Nifty Auto hits record high, Nifty Realty up over 2.5%** — The RBI's unchanged rates prompted strong buying in rate-sensitive sectors, with the Nifty Auto hitting a record high. The bank upgraded its GDP growth forecast for FY27 to 6.7% and reduced inflation expectations, reflecting overall positive economic sentiment. — [Source](https://www.livemint.com/market/stock-market-news/rate-sensitive-stocks-rise-after-rbi-mpc-outcome-nifty-auto-hits-record-high-nifty-realty-up-over-25-11785910914631.html)

## Business profile

**Strategic vision:** Indian commercial bank providing financial participation across key economic sectors.

### Business segments
- **Retail Banking:** Provides core banking solutions including accounts, digital transactions, bill payments, and investment options through a widespread branch network and digital platforms.
- **Corporate Banking:** Offers core banking solutions including accounts, digital transactions, bill payments, and investment options through a widespread branch network and digital platforms.
- **International Banking:** Delivers international banking services including NRI banking, foreign currency loans, finance for exporters/importers, remittances, and forex services through authorized branches.
- **Digital Banking:** Offers online banking services via UCO Net-Banking for retail and corporate users, enabling account management, fund transfers, deposit operations, and bill payments.

### Competitive strengths
- Government of India Undertaking status
- Extensive domestic branch network
- International presence in key financial centers
- Correspondent and agency arrangements globally

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## Freshness and sources

- Data as of: 2026-09-18
- Source: Faxioms public stock analysis API

Canonical: https://faxioms.com/stocks/ucobank
Markdown representation: https://faxioms.com/stocks/ucobank?render=md