UCO Bank News

UCO Bank's Rajendra Kumar Saboo gets additional charge as MD & CEO

The bank's executive director will hold additional charge of managing director and chief executive officer until a regular appointment is made or further orders are issued

Stocks to buy under ₹50: Analyst recommends Ola Electric, CBI, UCO Bank

Stocks to buy below ₹50: Om Mehra, technical research analyst believes that Ola Electric stock can surge another 24% toward the ₹53-₹54 zone; he is also bullish on UCO Bank and Central Bank of India.

Dividend stocks: Oracle Financial Services, 7 others go ex-date next week

Upcoming dividend stock list: Here is the complete list of stocks that will remain in the spotlight next week following their dividend announcements to shareholders as they trade ex-dividend

UCO Bank Q4 FY26 results: Profit jumps 23% to ₹801 cr, dividend declared

Public sector lender UCO Bank on Saturday reported a 23 per cent jump in net profit to Rs 801 crore for the fourth quarter ended March 31. The Kolkata-headquartered lender had earned net profit of Rs 653 crore during January-March quarter of FY25. However, the income during the March quarter declined to Rs 7,365 crore, from Rs 8,137 crore in the same period of the preceding fiscal, UCO Bank said in a regulatory filing. Interest income was at Rs 6,656 crore during the period under review against Rs 6,142 crore in the corresponding quarter a year ago. The bank's board has recommended a dividend of Rs 0.44 per share of Rs 10 face value out of the net profits for the year ended March 31, 2026. Besides, the board approved equity capital raising plan by way of issue of 270 crore equity shares of face value of Rs 10 aggregating to Rs 2,700 crore (at face value) through various modes viz, QIP, FPO, etc. in one or more tranches at an appropriate time and premium during the 2026-27 subject

UCO Bank sees 19% credit growth, total business at ₹5.89 trn in Q4

State-owned UCO Bank on Monday reported a 19 per cent credit growth at Rs 2.62 lakh crore in the January-March quarter of FY26. Total advances were at Rs 2.20 lakh crore in the year-ago quarter that ended in March 2025, UCO Bank said in a regulatory filing. The Kolkata-based lender reported an 11 per cent rise in total deposits at Rs 3.27 lakh crore during the reporting quarter, as against Rs 2.94 lakh crore registered at the end of the fourth quarter of the preceding financial year. During the period under review, low-cost CASA deposits improved to 38.48 per cent as compared to 37.91 per cent of total deposits in the fourth quarter of the preceding financial year, it said. The bank's total business (advances and deposits) increased by 15 per cent to Rs 5.89 lakh crore from Rs 5.14 lakh crore at the end of March 2025. The government holds 90.95 per cent equity shares in the bank as of March 31, 2026.

SBI, BoB, IoB, Canara Bank: Nifty PSU Bank slips 4% amid West Asia jitters

Investor sentiments continued to be in a risk-off mood after Iran widened its warnings to target buyers of US Treasury bonds, as the Trump administration's 48-hour ultimatum neared expiry

Nifty PSU Bank index soars 2%, hits new high; PNB, Canara, UBI shares up 3%

Thus far in the current week, the PSU Bank index has rallied 5.7 per cent, as against 0.74 per cent gain in the Nifty 50.

PSU Bank index outshines Nifty for 6th straight month; up 41% since Sep-25

Thus far in the month of February 2026, the Nifty PSU Bank index has rallied 5.5 per cent, as compared to 2 per cent rise in the benchmark Nifty 50.

UCO Bank reports nearly 16% jump in Q3 net profit at ₹739 cr, NPAs improve

UCO Bank on Saturday reported a 15.76 per cent on-year increase in net profit for the quarter ended December to Rs 739.51 crore, compared to Rs 638.83 crore in the corresponding period a year ago. The lender's total income for the quarter under review grew to Rs 7,521.16 crore, up from Rs 7,405.89 crore in the year-ago period. Interest earned rose to Rs 6,651.84 crore as against Rs 6,219.96 crore, it said in an exchange filing. The Kolkata-headquartered bank's operating profit rose by 5.96 per cent to Rs 1,680.24 crore in October-December, compared to Rs 1,585.69 crore in the year-ago period. Provisions and contingencies lowered to Rs 525.12 crore in the quarter to December, down from Rs 589.51 crore, it said. On the asset quality front, UCO Bank showed significant improvement, with gross non-performing assets (NPA) declining to 2.41 per cent as of December 31 from 2.91 per cent a year ago. Gross NPAs stood at Rs 5,867.25 crore compared to Rs 6,081.55 crore in the corresponding per