UCO Bank532505Quarterly results

Board approves Unaudited (Reviewed) Results for the quarter and half year ended 30.09.2026

Board met 15.10.2026, 11:00 am to 12:57 pm.

By ScoutQuest · Thu 15 Oct 2026, 1:21 PM IST · 4 min read

Total Income (₹ in Lakh): 8,17,408
Net Profit for the period (₹ in Lakh): 78,564
Earning Per Share (EPS): 0.63

What the Board approved

The Board of UCO Bank met on 15.10.2026 between 11:00 am and 12:57 pm and approved the Unaudited (Reviewed) Financial Results of the Bank for the quarter and half year ended 30th September, 2026. Along with the results, three items were enclosed: a Security Coverage Certificate as on 30th September, 2026 for the Bank's unsecured listed debt securities, a statement of utilisation and deviation or variation in utilisation of issue proceeds, and a Declaration of Unmodified Opinion, which means the auditors' limited review carries no modification.

The numbers below are the Bank's own, standalone figures in ₹ in Lakh.

Key results lines (₹ in Lakh)

Total Income: 8,17,408 for the quarter ended 30.09.2026, against 7,42,139 a year earlier and 8,68,224 in the June 2026 quarter.
Net Profit (+)/Loss (-) for the period: 78,564 for the quarter, against 61,976 a year earlier; 1,44,197 for the half year, against 1,22,720.
Operating Profit (before Provisions and Contingencies): 1,87,236 for the quarter and 4,68,190 for the half year.
Earning Per Share (EPS) (in Rs) (Not Annualised): 0.63 for the quarter and 1.15 for the half year.

Asset quality and capital

Amount of Gross NPA: 5,63,222 (₹ in Lakh); % of Gross NPA: 1.96%.
Amount of Net NPA: 51,349 (₹ in Lakh); % of Net NPA: 0.18%.
Capital Adequacy Ratio - Basel III: 18.85%, with Common Equity Tier-I Ratio at 17.06%.
Net Worth: 27,88,109 (₹ in Lakh); Return on Assets (Annualised): 0.80%.
Provisioning Coverage Ratio: 98.36% as on 30th September 2026, against 96.99% as on 30th September 2025.

Balance sheet position as on 30.09.2026 (₹ in Lakh): Deposits 3,49,59,046, Borrowings 26,07,491, Advances 2,82,57,102; total of the statement stands at 4,19,95,663. Capital is 12,53,956 and Reserves & Surplus 22,03,852.

Notes that explain or qualify the numbers

In the absence of the requisite number of Independent Directors on the Board, the Audit Committee could not be constituted for want of quorum. The Bank invoked Clause 14A of the Nationalised Banks (Management and Miscellaneous Provisions) Scheme, 1970, and the quarterly results were placed directly before the Board for review and approval, subject to a limited review by the Statutory Central Auditors, with a minimum of eighty percent of the Bank's revenue, assets and profits subjected to review.
The requirement to maintain the Investment Fluctuation Reserve was discontinued with effect from 18.05.2026, and the balance standing in the IFR as on 17.05.2026, amounting to Rs.552.24 crore, was transferred to the General Reserve.
For loans impacted by the RBI circular on resolution of stressed assets, loans of Rs.1200.77 crore were impacted, of which Rs.533.33 crore were classified as NPA as on 30.09.2026, with an additional provision requirement of Rs.316.87 crore and an equal provision already made.
For accounts under the Insolvency and Bankruptcy Code, a provision of Rs.3985.87 crore (including technical write off) is held against a total outstanding of Rs. 3985.87 crore as on 30th September 2026.
MSME restructured accounts: 175 accounts, Rs.49.12 crore involved, Rs.4.91 crore provisions held. Under the Covid-19 related Resolution Framework 2.0: 3671 accounts, Rs.341.49 crore involved, Rs.34.14 crore provisions held.
Deferred tax: during the quarter ended 30th June 2026 the Bank opted for the lower tax regime under Section 115BAA, resulting in a one-time charge of Rs.1,237.13 crore in the Profit and Loss Account for that quarter. Aggregate deferred tax asset recognised is Rs.2269.82 crore and deferred tax assets of Rs.267.19 crore were reversed during the September 2026 quarter.
Fraud reported during the quarter ended 30.09.2026: 28 accounts involving Rs.120.98 crore, with provisions of Rs.118.10 crore. For the half year: 42 accounts, Rs.132.33 crore, provisions of Rs.128.68 crore.
Penalty imposed by the Reserve Bank of India: Rs.0.05 crore for the quarter and Rs.0.08 crore for the half year.
Investor complaints during the quarter: 2 pending at the start, 978 received, 914 disposed, 66 pending at the end.
Priority Sector Lending Certificates: Rs.55.00 crore sold during the quarter and Rs.2000.00 crore during the half year, with premium received of Rs.1.71 crore and Rs.57.11 crore respectively.
Provisions held as on 30th September 2026 include a forward looking Expected Credit Loss provision of Rs.1607.59 crore, a contingency provision of Rs.341 crore and a Covid-19 related provision of Rs.530 crore.

What investors may watch

The results show Total Income and Net Profit for the quarter both higher on a year-on-year basis, with gross NPA percentage at 1.96% and net NPA percentage at 0.18%, and capital adequacy at 18.85%. The items reported alongside - the RBI penalty, frauds reported, and the fact that the Audit Committee could not be constituted for want of quorum so the results were placed directly before the Board under Clause 14A - are the points a reader may want to note when assessing the quality of the quarter.

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