UCO Bank(UCOBANK)

NSE: UCOBANKBSE: 532505

₹ 21.98+1.57%refreshed 26 Oct, 03:55 pm ISTMarket cap: ₹ 27,562 crWebsite: www.ucobank.comUpdated: 26 Oct 2026

About

UCO Bank is an Indian public sector bank, 90.95% owned by the Government of India. It serves individuals, farmers, MSMEs, corporates, government entities and self-help groups through corporate banking, retail banking and treasury operations. Its global business was Rs. 5,90,314 crore as on 31 March 2026, and FY26 revenue was Rs 26,281.35 crore. Domestically it runs 3,412 branches and 2,647 ATM centres, and overseas it has branches in Hong Kong and Singapore and an IBU at GIFT City.^[1][2][3]

Business segments

Corporate banking operations: Rs 10,981.99 cr revenue, 36.9% share in FY26, compared with Rs 11,306.48 cr in FY25.^[4][5]
Retail banking operations: Rs 10,666.32 cr revenue, 35.9% share in FY26, compared with Rs 9,816.60 cr in FY25.^[4][5]
Treasury operations: Rs 8,030.96 cr revenue, 27.0% share in FY26, compared with Rs 8,294.18 cr in FY25.^[4][5]
By geography in FY25, domestic revenue was Rs 27,537.80 cr and international revenue was Rs 1,935.75 cr.^[5]

Loan book and deposits

Global advances grew 24.7% YoY to Rs 2,87,690 cr in Q2 FY27: retail +30.23%, agri +29.59%, MSME +20.32%, corporate +24.15%.^[3]
RAM (retail, agriculture, MSME) loans made up 64.98% of domestic advances as of FY26.^[1]
In Q2 FY27, vehicle loans grew 61.91% YoY to Rs 9,737 cr and home loans grew 20.29% to Rs 36,369 cr. The average home-loan ticket size rose from about Rs 35 lakh to about Rs 45 lakh.^[3]
Deposits grew 14.36% YoY to Rs 3,49,590 cr in Q2 FY27. The CD ratio was 82.29%, up from 75.47%.^[3]
Domestic CASA ratio was 36.77% in Q2 FY27, compared with 36.94% in Q1 FY27 and 38.11% a year earlier.^[3]
Priority sector advances were Rs. 1.05 lakh crore in FY26, equal to 52.52% of Adjusted Net Bank Credit.^[1]
MSME business grew 19.36% in FY26, and MSME loan sanctions crossed Rs. 15,000 crore. TReDS business grew 47.47% to Rs.2,336 crore as on 31 March 2026.^[1]

Asset quality

GNPA was 1.96% in Q2 FY27, down 60 bps YoY. NNPA was 0.18%, down 25 bps YoY.^[3]
PCR including technical write-offs was 98.36% in Q2 FY27, up 137 bps YoY.^[3]
In Q2 FY27 the slippage ratio was 0.85% and credit cost was 0.65%, compared with 0.63% and 0.39% in Q1 FY27.^[3][6]
The bank estimates an ECL requirement of about Rs 3,200 cr against Rs 2,500 cr held as of Q2 FY27. It plans to provide for the gap before the 1 April 2027 transition.^[3]

Key operating metrics

Global NIM was 3.00% in Q2 FY27, compared with 3.05% in Q1 FY27 and 3.03% in FY26.^[3][6]
CAR was 18.85% in Q2 FY27, compared with CRAR of 19.03% in Q1 FY27.^[3][6]
Cost-to-income ratio was 50.39% in Q2 FY27, compared with 52.66% in FY26.^[3][7]
Annualised ROA was 0.80% in Q2 FY27.^[3]
Fee-based income rose 34.66% YoY to Rs 558 cr in Q2 FY27. Treasury income fell to Rs 29 cr as yields hardened.^[3]
Cost of funds was 4.36% in Q1 FY27.^[6]

Branches and reach

Domestic network as of FY26: 3,412 branches, 2,647 ATM centres, 11,136 business correspondent units and 50 administrative offices.^[1]
The bank runs 50 Retail Loan Hubs, 49 SME & Agri Loan Hubs, 9 Integrated Loan Hubs and 70 Currency Chests (FY26).^[1]
It covers 16,281 allotted villages through 4,122 Sub Service Areas (FY26).^[1]
It is convener of the State Level Bankers' Committee in Odisha and Himachal Pradesh and has Lead Bank responsibility in 35 districts (FY26).^[1]
The bank holds Rs. 8,081.15 crore of deposits in 156.45 lakh PMJDY accounts. Credit to self-help groups was Rs. 5,313 crore across 1.88 lakh SHGs as of March 2026.^[1]
Direct Selling Agents brought in Rs.8,612 crore of sanctions in FY26, up 88% YoY. Staff strength was 20,984.^[1]

Digital banking

The Project Parivartan digital balance sheet reached Rs 48,000+ cr as on 30 September 2026, up from Rs. 25,350 crore on 31 March 2026.^[3][1]
33 digital journeys are live, with five more planned in FY27. In Q2 FY27, seven processes were automated through RPA and CBDC marketplace and IVR services were launched.^[3]
WhatsApp Banking users grew from 6 lakh in March 2025 to 21 lakh at the end of FY26, with 49 services in 14 languages.^[1]
70% of fixed deposits were opened digitally in Q1 FY27.^[6]
The FY27 IT budget is above Rs 1,000 crore, covering omni-channel mobile banking, cash management, supply chain finance, RPA, Forex card and cybersecurity.^[7]

Expansion and capital plans

The GIFT City IBU opened in Q2 FY27, joining the Hong Kong and Singapore branches.^[3]
FY27 capital plan: equity up to Rs 2,700 cr (face value) and bonds up to Rs 5,000 cr.^[3]
About Rs 10,000 cr of corporate credit had been sanctioned but not yet disbursed as of Q2 FY27.^[3]
FY27 targets: credit growth above the 12-14% guide, global NIM above 2.8-2.9%, cost-to-income around 50%, and RAM share around 65%.^[3]

Recent developments

In Q1 FY27 the bank moved to the new corporate tax regime, which led to a one-time DTA remeasurement charge of Rs 1,237 crore.^[6]
Q1 FY27 operating profit included a Rs 1,018 crore recovery from technically written-off accounts. Management described about Rs 800 crore of this as non-recurring.^[6]
Provisional total business was Rs 6.37 lakh crore as of 30 September 2026, up 18.84% YoY.^[8]
The Government of India holds 90.95% of the bank's equity (FY26).^[1]

Market Cap

₹27,562 Cr

High / Low

₹34 / 21

Stock P/E

18.1

Price / Book

1.4

Book Value

₹17

EPS

₹2.2

No. of Shares

1,253.96 Cr

ROE

8.6%

Sales

₹26,281 Cr

Net Profit

₹2,768 Cr

Promoter holding

91.0%

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UCO Bank(UCOBANK)

About

Business segments

Loan book and deposits

Asset quality

Key operating metrics

Branches and reach

Digital banking

Expansion and capital plans

Recent developments

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