On June 12th, UCO Bank will hold its 23rd Annual General Meeting, accessible via virtual conference or audio-video meeting. The meeting's agenda includes the approval of FY26 financials, declaration of dividends, potential equity raising, and the appointment of new directors.
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UCO Bank successfully appealed and significantly lowered its GST demand from approximately 1.47 billion rupees to 4.86 crore INR. The revised amount is currently being assessed for further action, following the receipt of the appeal order on May 4, 2026.
L&T's Q4 revenue remained stable but earnings fell short of expectations, while SRF Ltd experienced a 10.6% increase in net profit to ₹582 crore. Remarkably, Poonawalla Fincorp recorded a significant 309% rise in Q4 net profit to ₹255 crore, and UCO Bank saw a substantial reduction in GST liabilities following an appellate ruling.
Leading companies such as Oracle Financial, NALCO, Hexaware, and UCO Bank have announced significant corporate actions this week. Oracle offers an interim dividend of Rs 270 per share, Alka India goes for a bonus issue (6:1), while Avro India splits its stock to a face value of Rs 1.
UCO Bank reported a significant increase in loans (advances) by 19.4% year-on-year, and the Current Account Savings Account (CASA) ratio improved to 38.7%. Notably, gross non-performing assets (GNPA) reduced to 2.2%, leading to a 13.2% jump in net profit year-on-year. The bank expects credit growth for FY27 to be between 12-14%.
UCO Bank's CEO projects a sustainable growth of NIM above 3% by FY27, despite obstacles encountered. The bank reported a significant 25.4% increase in net profit to ₹801.2 crore for Q4FY26, despite a 3.1% year-on-year decrease in Net Interest Income (NII).
UCO Bank's revised valuation now categorizes it as 'attractive', reflecting increased investor confidence. Despite varying performance and a slight drop in price, its P/E and P/BV ratios suggest an appealing opportunity for potential investors.
UCO Bank has proposed a final dividend of INR 0.44 per share, pending shareholder approval at their meeting on April 25, 2026.
UCO Bank's financial year 2026 results show a significant year-over-year increase in deposits, advances, and profits, indicating strong performance. The bank's gross non-performing assets stood at 2.2%, while net non-performing assets were low at 0.3%. The current account savings account (CASA) ratio was reported at 38.7%, and credit growth remained robust at 19.4% year-over-year.
UCO Bank sees a significant 23% increase in Q4 profits, reaching Rs 801 crore, despite a decline in overall income. The bank's board has proposed an equity issue worth Rs 2,700 crore and plans to raise additional funds through bond issuance of up to Rs 5,000 crore.
UCO Bank will announce its Q4 and full-year 2026 results at an upcoming board meeting on April 25, 2026. The meeting will also cover the decision on dividend payout, potential bond issuance for capital infusion, and the closure of the insider trading window.
Vaishali Parekh suggests UCO Bank, Kaynes Tech, and Asian Paints for quick-term trades on April 7, 2026. The Nifty market is expected to start with a drop, potentially opening below 23,000, with significant levels at 23,500 and 21,800.
UCO Bank reported a significant year-over-year (YoY) growth of 14.6% in its total business, reaching ₹5.89 trillion as of March 31, 2026. This growth was primarily driven by a 19.1% increase in total advances to ₹2.62 trillion and a 11.2% rise in deposits to ₹3.27 trillion.
The President of India owns a substantial 90.95% stake in UCO Bank, as of March 2026. Notably, the President did not pledge or secure any loans against this equity during the fiscal year 2025-26.