UCO Bank

Meeting Details

• Date: 15 October 2026; post-earnings call with analysts.
• Event: post-earnings call with analysts hosted by UCO Bank.
• Recording: audio/video proceedings uploaded on the bank's website.

Participants

• Key company participants not disclosed in filing.

Purpose

• Purpose: earnings-related investor interaction with analysts.

Key financials

• Total business ₹6,37,280 crore as of 30 Sep 2026, up 18.81% YoY.
• Gross advances ₹2,87,690 crore; deposits ₹3,49,590 crore.
• CASA ₹1,22,259 crore; CASA ratio 36.77%.
• Net profit quarter ended 30 Sep 2026 ₹786 crore; YoY +26.77%.
• Operating profit ₹1,872 crore; Global NIM 3.00%, Domestic NIM 3.19%.

Profitability & efficiency

• NII ₹2,886 crore; yield on domestic advances 8.11%.
• Cost of funds 4.44%; cost-to-income 50.39%; ROA 0.80%.
• Fee-based income ₹558 crore; NII growth 13.96% YoY.

Asset quality & capital

• Gross NPA 1.96%; Net NPA 0.18%.
• PCR 98.36%; Tangible PCR 90.88%.
• CRAR 18.85%; Tier I 17.27%; Credit-to-deposit 82.29%.

RAM & loan mix

• RAM segment advances ₹1,68,736 crore; RAM retail growth 30.23%.
• Retail advances ₹76,817 crore; Agriculture ₹41,014 crore; MSME ₹50,905 crore.
• RAM segment growth 26.92% YoY.

Branch network & efficiency

• Domestic branches 3,439; international 3.
• 61% of domestic branches in rural/semi-urban areas.
• Slippage 0.85% annualized.
• Operating efficiency: ₹30 crore per employee; ₹185 crore per branch.

Business Overview

• Public sector bank under Government of India; core businesses include retail, corporate, and SME lending.
• Domestic and overseas segments with RAM-focused growth.

Operational Highlights

• Deposits grew 14.36% YoY; credit grew 24.70% YoY as of Sep-26 quarter.
• CASA 36.77%, RAM 65.76%, CD ratio 82.29%.
• Credit cost 0.65%; NIM 3.00% (global), 3.19% (domestic).
• Total recovery & upgradation upto Sep-2026: 1910 Cr.
• ECLGS sanctioned 2402 Cr; disbursed 2227 Cr.
• PM SVANidhi: 216,304 applications; Rs 345 Cr sanctioned.
• Launch of 9 digital products at Global Fintech Fest 2026.

Financial Performance

• Sep-26 quarter: total operating income 8174 Cr; net profit 786 Cr.
• Net interest income 2886 Cr; YoY growth 13.96%.
• Non-interest income 888 Cr; YoY growth 0.47%.
• Cost-to-income 50.39%; PCR 98.36% incl TWO.
• Deposits 349,590 Cr; Advances 287,690 Cr; Total assets 419,958 Cr.
• EPS 0.63 ₹; Book value 23.25 ₹; RoE 11.42%; RoA 0.80%.

Capital Structure & Liquidity

• Capital: CET1 30,823 Cr; Tier I 31,202 Cr; Total capital 34,054 Cr.
• Deposits 349,590 Cr; Borrowings 26,075 Cr; Cash 11,490 Cr.
• Investments 99,928 Cr; Advances 287,690 Cr; Total assets 419,958 Cr.
• Rating AA/Stable (India Ratings); AA/Positive (Infomerics).

Strategic Priorities & Outlook

• FY26-27 guidance exceeded: deposit growth 14.36% vs 10-12% target.
• Credit growth 24.70% vs 12-14% target; NIM 3.00% vs 2.8-2.9% target.
• RAM 65.76% vs 62-65% target; slippage 0.85% vs <1%; credit cost 0.65%.
• MoU with Aditya Birla Money; distribution partnerships.
• Digital & ESG initiatives ongoing; 9 digital products launched.

Risks & Mitigation

• Forward-looking statements note risks in strategy execution, NPL trajectory, provisioning, tech changes.

Governance & Leadership

• Governance updates include rating actions and board initiatives.

Board action & reporting

• Board approved unaudited results for quarter and half-year ended 30 September 2026.
• Auditors issued limited review with unmodified opinion.
• Board meeting held 15 October 2026; results published on bank website.
• Attachments include Security Coverage Certificate, utilization statement, and unmodified opinion declaration.
• Results disclosed under SEBI LODR Regulations 2015; limited review completed.

UCO Bank: Trading window closed from 1 October 2026 until 48 hours after disclosure of financial results for the quarter/half year ended 30 September 2026.

Tenure extension of ED

• Executive Director Vijaykumar Nivrutti Kamble’s tenure extended beyond Oct 8, 2026.
• Extends till superannuation on 31 March 2027, or until further orders, whichever earlier.
• Based on Central Government notification dated 23 September 2026.
• Pursuant to Regulation 30 of SEBI LODR and nationalised banks rules.
• No change in role; tenure extension ensures continuity; no financial implications disclosed.

Strike notice

• UFBU, representing seven unions, to strike on 11 Sep 2026 and 28–30 Sep 2026.
• Continuous strike planned from 26 Oct 2026.
• Bank will ensure continuity of operations; branches/offices may be affected.
• No financial implications disclosed.

Rate revisions and effective date

• Overnight MCLR remains 7.90%; 1M 8.20%; 3M 8.45%; 6M 8.70%; 1Y 8.80%.
• TBLR 6M increased from 5.50% to 5.55%.
• TBLR 12M from 5.65% to 5.70%.
• UCO G-Sec Rate (1Y) from 5.80% to 5.88%.
• 10-year G-Sec Rate YTM increased from 6.96% to 7.09%.
• Effective date for revised TBLR and G-Sec linked rates: 07.09.2026.
• Other benchmark rates (MCLR, 3 month TBLR, Base rate, Repo Linked Rate, BPLR) unchanged.
• Repo linked rates unchanged: UCO Float and UCO Prime.

Event details

• Three-month extension of the MD & CEO additional charge to 30 November 2026.
• Extension continues until a regular MD & CEO is appointed or until further orders.
• Approved by DFS/MoF via letter 4/1/2025-BO.1 (Part I) dated 25 August 2026.
• Shri Rajendra Kumar Saboo, Executive Director, remains holder of the extended charge.
• The extension follows the earlier disclosure to stock exchanges dated 19 June 2026.

Fund raising approval

• Board approved on 24 Aug 2026 raising USD 1.0 billion in one or more tranches via MTN programme.