UCO Bank reported robust business performance for Q3FY26, with total business reaching ₹5.54 lakh crore, representing strong year-over-year growth of 13.30% and quarter-over-quarter expansion of 3.36%. The state-owned lender's quarterly disclosure demonstrates consistent operational momentum across all key business segments, with advances significantly outpacing deposit growth.

Q3FY26 Business Performance Overview

The bank's quarterly business update reveals healthy performance metrics across multiple parameters. Total business growth was driven primarily by strong lending expansion, with advances continuing to outpace deposits in a competitive banking environment.

Advances Portfolio Demonstrates Strong Momentum

UCO Bank's lending portfolio showed particularly impressive performance with total advances reaching ₹2.43 lakh crore. The advances segment recorded robust year-over-year growth of 16.27% and quarter-over-quarter expansion of 5.19%, significantly outpacing deposit growth.

Domestic advances specifically reached ₹2.15 lakh crore, showing even stronger growth metrics with year-over-year expansion of 17.49% and quarter-over-quarter growth of 5.39%. This performance reflects the bank's enhanced market penetration and effective credit deployment in a competitive deposit environment.

Balance Sheet Metrics Show Incremental Improvement

The bank's deposit base reached ₹3.10 lakh crore, registering steady growth of 10.71% year-over-year and 1.64% quarter-over-quarter, indicating stable accretion amid competitive market conditions. Domestic deposits stood at ₹2.92 lakh crore with year-over-year growth of 10.19%.

The asset mix showed incremental improvement with the CASA ratio inching up to 38.41%, supporting funding cost stability. The Credit-Deposit ratio climbed to 78.61%, underscoring stronger credit deployment and enhanced lending efficiency.

Market Response and Stock Performance

Shares of UCO Bank responded positively to the business update, with the stock closing at an intraday high of ₹30.62 on the NSE, registering gains of 3.69% during the trading session. The positive investor response reflects confidence in the bank's steady business performance and improving balance-sheet metrics.

The quarterly business update was filed in compliance with SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. The figures are provisional and subject to review by the bank's Statutory Central Auditors, demonstrating the bank's commitment to regulatory compliance and transparent disclosure practices.

UCO Bank has informed stock exchanges about the resignation of Ms. Rachna Khare from her position as Shareholder Director, effective December 25, 2025. The bank communicated this development to the National Stock Exchange and BSE Limited on December 26, 2025, in accordance with Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.

Resignation Details

Ms. Rachna Khare tendered her resignation through a letter dated December 25, 2025, stepping down from the Board of the Bank and relinquishing membership of all Board Committees. The resignation was necessitated by her appointment to a new role as Insurance Ombudsman.

New Appointment Details

According to her resignation letter addressed to MD & CEO Ashwini Kumar, Ms. Khare has been appointed as Insurance Ombudsman at the office of the Insurance Ombudsman Pune. This appointment was formalized through a letter issued by the Council of Insurance Ombudsmen dated December 19, 2025.

In her resignation letter, Ms. Khare cited regulatory provisions and standards of propriety and independence as the basis for stepping down from her position at UCO Bank. She emphasized that the resignation was necessary due to the nature of her new regulatory role.

Regulatory Compliance

The bank has fulfilled all disclosure requirements under sub-para 7B of Para A of Part A of Schedule III of the SEBI LODR Regulations. Key compliance aspects include:

• Ms. Khare is not holding directorships in any other listed companies
• She confirmed that there are no material reasons for her resignation other than those mentioned in her resignation letter
• Complete documentation including the resignation letter has been submitted to stock exchanges

Acknowledgment and Transition

In her farewell message, Ms. Khare expressed sincere appreciation for the support and cooperation extended by the Chairperson, MD & CEO, fellow board members, and management during her tenure. She described her association with UCO Bank's strategic governance as a privilege and wished the bank continued success in achieving its objectives.

The resignation represents a smooth transition as Ms. Khare moves to her new regulatory role, ensuring compliance with independence standards required for her position as Insurance Ombudsman.