UCO Bank reported a 24.68% YoY rise in advances to ₹2.88 lakh crore in Q2FY27, with total business growing 18.84% during the same period.

Key business metrics

The bank's performance in Q2FY27 reflected broad-based growth across its core business parameters. The following table summarises the headline figures reported for the quarter, including updated total business and deposit figures.

Quarterly progression

The bank disclosed provisional figures for the quarter ended September 30, 2026, alongside reviewed figures for the preceding quarters. The data indicates a steady upward trajectory in both advances and deposits over the last two quarters.

What the Numbers Show

Advances grew at a faster pace (24.68%) than deposits (14.05%), leading to an expansion in the Credit-Deposit (CD) ratio to 82.37% from 75.47% a year earlier. This divergence suggests the bank is deploying its growing deposit base more aggressively into lending, potentially aiming for higher yield assets or reflecting stronger credit demand relative to liability mobilisation.

UCO Bank has extended the tenure of its Executive Director, Vijaykumar Nivrutti Kamble, until March 31, 2027. The extension aligns with his date of superannuation or until further orders, whichever is earlier.

Regulatory Notification

The Central Government issued the notification on September 23, 2026, exercising powers under the Banking Companies (Acquisition and Transfer of Undertakings) Act, 1970. This action follows the expiry of Mr. Kamble's previously notified term, which was set to end on October 8, 2026. The decision was communicated to the National Stock Exchange of India Ltd. and BSE Limited pursuant to Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Key Details of the Extension

The bank confirmed that the extension is effective immediately from the date of the notification. The Central Government's order supersedes the earlier term limit, ensuring continuity in the executive leadership structure during the remaining period of the fiscal year and into the next.