UCO Bank

UCO Bank: Trading window closed from 1 October 2026 until 48 hours after disclosure of financial results for the quarter/half year ended 30 September 2026.

Tenure extension of ED

• Executive Director Vijaykumar Nivrutti Kamble’s tenure extended beyond Oct 8, 2026.
• Extends till superannuation on 31 March 2027, or until further orders, whichever earlier.
• Based on Central Government notification dated 23 September 2026.
• Pursuant to Regulation 30 of SEBI LODR and nationalised banks rules.
• No change in role; tenure extension ensures continuity; no financial implications disclosed.

Strike notice

• UFBU, representing seven unions, to strike on 11 Sep 2026 and 28–30 Sep 2026.
• Continuous strike planned from 26 Oct 2026.
• Bank will ensure continuity of operations; branches/offices may be affected.
• No financial implications disclosed.

Rate revisions and effective date

• Overnight MCLR remains 7.90%; 1M 8.20%; 3M 8.45%; 6M 8.70%; 1Y 8.80%.
• TBLR 6M increased from 5.50% to 5.55%.
• TBLR 12M from 5.65% to 5.70%.
• UCO G-Sec Rate (1Y) from 5.80% to 5.88%.
• 10-year G-Sec Rate YTM increased from 6.96% to 7.09%.
• Effective date for revised TBLR and G-Sec linked rates: 07.09.2026.
• Other benchmark rates (MCLR, 3 month TBLR, Base rate, Repo Linked Rate, BPLR) unchanged.
• Repo linked rates unchanged: UCO Float and UCO Prime.

Event details

• Three-month extension of the MD & CEO additional charge to 30 November 2026.
• Extension continues until a regular MD & CEO is appointed or until further orders.
• Approved by DFS/MoF via letter 4/1/2025-BO.1 (Part I) dated 25 August 2026.
• Shri Rajendra Kumar Saboo, Executive Director, remains holder of the extended charge.
• The extension follows the earlier disclosure to stock exchanges dated 19 June 2026.

Fund raising approval

• Board approved on 24 Aug 2026 raising USD 1.0 billion in one or more tranches via MTN programme.

Board Meeting Details

• Date: 24 August 2026; time not disclosed; location not disclosed

Key Agenda Items

• Consider approval for raising foreign currency funds through debt under MTN Programme

Other Notes

• Trading window closure period not specified

CD Rating Details

• Rating action: CRISIL reaffirmed the CD rating for UCO Bank.
• Instrument: Certificate of Deposit programme; Rating: CRISIL A1+; Amount: Rs 10,000 crore.
• Date of rating: 14 August 2026.
• Outlook: Not Applicable.
• Verification: Rating verified on 14 August 2026.

Appointment of Part-time Non-Official Director

• Appointment by Central Government of Shri Manohar Lal Paliwal as Part-time Non-Official Director for three years from 12.08.2026.
• Term of appointment: three years from notification or until further orders.
• Profile: Commerce graduate and Chartered Accountant with experience in agriculture and petroleum retail.
• Not related to any director of the Bank.
• Not debarred from holding directorship by SEBI or other authorities.