UCO Bank announced its audited financial results for the quarter and year ended 31 March 2026, reporting a net profit of ₹801.15 crore for Q4 FY26 and ₹2767.86 crore for the full fiscal year. The board meeting, held on 25 April 2026, approved the financial results and recommended a dividend of ₹0.44 per equity share for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting. The bank also released an investor presentation detailing its performance metrics and future guidance.

Key Financial Performance

The bank's total income for the year ended 31 March 2026 stood at ₹29740.98 crore, compared to ₹29473.53 crore in the previous year. Interest earned for FY26 was ₹26281.35 crore, while other income was ₹3459.63 crore. Operating profit before provisions and contingencies increased to ₹6428.94 crore for the year, up from ₹6037.29 crore in FY25. Net interest income grew by 5.89% on year-over-year basis to ₹10197 crore for the year ended 31 March 2026 as against ₹9630 crore for the year ended 31 March 2025.

Quarterly Performance Highlights

For the quarter ended 31 March 2026, the bank reported strong performance with net profit of ₹801 crore compared to ₹653 crore in the same period of the previous year, registering a growth of 22.66% year-over-year. Net Interest Margin (NIM) Global stood at 3.00% and Domestic NIM at 3.19% for the quarter. The cost of funds improved by 31 basis points year-over-year to 4.47% for the quarter ended 31 March 2026.

Business Growth and Asset Quality

The bank's total business stood at ₹5,90,314 crore as on 31 March 2026, registering a growth of 14.95% on year-over-year basis. Gross advances grew by 19.44% year-over-year to ₹2,62,752 crore while total deposits grew by 11.59% year-over-year to ₹3,27,563 crore. The CASA ratio improved by 74 basis points to 38.65%, with total CASA standing at ₹1,17,752 crore, registering a growth of 12.46% year-over-year.

Asset quality showed significant improvement with Gross NPA declining to 2.17% as of 31 March 2026, down by 52 basis points year-over-year. Net NPA reduced by 23 basis points year-over-year to 0.27% as on 31 March 2026. The Provision Coverage Ratio stood at 97.79% as on 31 March 2026.

FY27 Guidance and Strategic Targets

The bank has set comprehensive guidance for FY27, targeting deposit growth of 10-12% and credit growth of 12-14%. The CASA ratio is expected to remain between 37-38%, while the RAM (Retail, Agriculture, MSME) portfolio is targeted at 62-65%. The Credit-to-Deposit ratio is projected to reach 80-82%, reflecting the bank's growth strategy. Credit cost is expected to remain below 0.75%, and Net Interest Margin (NIM) is targeted at 2.8-2.9%.

Capital Adequacy and Fundraising Plans

The Capital Adequacy Ratio under Basel-III norms strengthened to 18.61% as of 31 March 2026, with Tier I Capital Ratio of 16.59%. The bank's net worth increased significantly during the year. The board approved an equity capital raising plan through the issue of 270 crore equity shares of face value ₹10 each, aggregating to ₹2700 crore at face value. The shares will be issued through various modes including Qualified Institutional Placement (QIP) and Follow-on Public Offering (FPO) in one or more tranches during FY27, subject to shareholder and regulatory approvals.

UCO Bank has announced a key leadership change with the appointment of Mr. Neeraj Daporkar as Chief Compliance Officer (CCO) effective from 24.04.2026. The appointment was communicated to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Leadership Transition Details

The bank's Board of Directors has appointed Mr. Neeraj Daporkar, currently serving as General Manager, to the position of Chief Compliance Officer. This appointment comes as part of an internal reorganization where Mr. Ravi Shankar Narayan, the outgoing CCO, has been assigned a new role within the bank.

Professional Profile and Qualifications

Mr. Neeraj Daporkar, aged 47 years, brings substantial academic credentials and professional expertise to his new role. His educational background includes a Post Graduate Degree in Information Technology and a Graduate Degree in Computer Science and Engineering. He holds the prestigious Certified Associate of the Indian Institute of Bankers (CAIIB) certification, demonstrating his comprehensive understanding of banking operations.

The new CCO has enhanced his professional capabilities through numerous specialized certifications from the Indian Institute of Banking and Finance (IIBF). His certifications span critical banking domains including:

• Certified Course in International Trade Finance
• Certificate Examination in Foreign Exchange Operations
• Certified Treasury Professional
• Prevention of Cyber Crime and Fraud Management
• Certificate in International Banking
• Certificate in Corporate Banking
• Certificate Examination in Customer Service & Banking Codes and Standards
• Diploma in Information System Audit (DISA)

Extensive Banking Experience

Mr. Daporkar brings over 19 years of comprehensive experience in the banking sector to his new compliance role. His career trajectory has encompassed diverse operational areas across UCO Bank's network, including various branches, overseas centers, zonal offices, flagship corporate branches, and corporate departments.

His professional exposure includes significant experience in overseas operations and core banking functions, providing him with a well-rounded perspective on banking operations and regulatory requirements. This extensive background positions him well to handle the compliance responsibilities in the current regulatory environment.

Regulatory Compliance

The appointment follows proper corporate governance protocols, with the bank fulfilling its disclosure obligations under SEBI regulations. The communication was signed by Company Secretary Vikash Gupta and submitted to both the National Stock Exchange of India Ltd. and BSE Limited on 24.04.2026.

The transition reflects UCO Bank's commitment to maintaining strong compliance standards while ensuring continuity in leadership roles. Mr. Daporkar's appointment as CCO represents the bank's focus on leveraging internal talent with proven track records in banking operations and regulatory understanding.