UCO Bank

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.

Meeting Details

• Date and time: 23 July 2026, 03:30 PM.
• Type and mode: post-earnings call; virtual (Webex).
• Organizer: Antique Stock Broking Limited.
• Event: Post Earnings Call for Q1 FY27 with Analysts.

Participants

• MD & CEO (I/C) and Executive Director.
• Executive Director.

Purpose

• Discuss Q1 FY27 results and business performance.
• Presentation and detailed results uploaded on bank's website.

Additional Notes

• Transcript of the post-earnings call is available.
• Presentation of results uploaded on bank’s website.
• Q&A session conducted with analysts.

Rating Action Summary

• Rating action: Fitch assigns first-time Long-Term IDR BBB- with Stable Outlook for UCO Bank.
• Short-Term IDR: F3.
• GSR:bbb-.
• VR: bb.
• LT IDR (xgs): BB(xgs).
• ST IDR (xgs): B(xgs).
• Agency: Fitch Ratings.
• IDRs equalised with India's sovereign BBB-/Stable due to high likelihood of state support.
• Govt ownership at 91%; supports state backing and limits bail-in risk for senior creditors.
• OE score bb+; positive operating-environment outlook; potential upgrade if improvements are sustained.
• Impaired-loan ratio around 2% through FY28; 2.2% in FY26.
• Loan loss coverage about 88% (121% including other provisions).
• Loan growth 19.5% in FY26; CET1 above 15% through FY28.
• Deposits around 88% of non-equity funding; LCR 114%; NSFR 127% FY26.
• Material change: First-time rating; no prior Fitch ratings for UCO Bank.

Meeting Details

• Date and time: 23 July 2026, 03:30 PM, virtual group earnings call.
• Organiser/host: Antique Stock Broking Limited; participants include MD & CEO (I/C) and Executive Director.
• Purpose: discuss quarter ended 30 June 2026 financial results with analysts.
• Mode: virtual call; participation via Webex per invitation.

Meeting Details

• Date: 22 July 2026; time and venue not disclosed.

Key Agenda Items

• To consider and approve unaudited financial results for the quarter ended 30 June 2026.