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25 Apr 2026
UCO Bank announced its audited financial results for the quarter and year ended 31 March 2026, reporting a net profit of ₹80115 lakh for Q4 FY26 and ₹276786 lakh for the full fiscal year. The board meeting, held on 25 April 2026, approved the financial results and recommended a dividend of ₹0.44 per equity share for the financial year 2025-26, subject to shareholder approval at the upcoming Annual General Meeting.
The bank's total income for the year ended 31 March 2026 stood at ₹2974098 lakh, compared to ₹2947353 lakh in the previous year. Interest earned for FY26 was ₹2628135 lakh, while other income was ₹345963 lakh. Operating profit before provisions and contingencies increased to ₹642894 lakh for the year, up from ₹603729 lakh in FY25. Provisions and contingencies (net) decreased to ₹205545 lakh in FY26 from ₹220374 lakh in the previous year.
Key Financial Metrics
Metric FY26 (Audited) FY25 (Audited) Net Profit ₹276786 lakh ₹244496 lakh Total Income ₹2974098 lakh ₹2947353 lakh Interest Earned ₹2628135 lakh ₹2506690 lakh Operating Profit ₹642894 lakh ₹603729 lakh EPS (Basic) ₹2.21 ₹2.04
The bank's asset quality improved significantly during the year. Gross Non-Performing Assets (NPA) declined to ₹569020 lakh as of 31 March 2026, representing 2.17% of gross advances, compared to ₹591854 lakh (2.69%) in the previous year. Net NPA stood at ₹70191 lakh, or 0.27% of net advances, down from ₹106831 lakh (0.50%) in FY25. The Non-Performing Loan Provisioning Coverage Ratio improved to 97.79% as of 31 March 2026, from 96.69% in the previous year.
Capital Adequacy and Balance Sheet
The Capital Adequacy Ratio under Basel-III norms strengthened to 18.61% as of 31 March 2026, compared to 18.49% in the previous year. The Common Equity Tier-I Ratio stood at 16.36%, while the Additional Tier-I Ratio was 0.23%. The bank's net worth increased to ₹2446221 lakh as of 31 March 2026, from ₹2110741 lakh in the previous year.
Total assets as of 31 March 2026 were ₹39585844 lakh, compared to ₹36248108 lakh in the previous year. Deposits grew to ₹32756253 lakh from ₹29354218 lakh, while advances increased to ₹25776291 lakh from ₹21513458 lakh.
Capital Raising Plans
The board approved an equity capital raising plan through the issue of 270 crore equity shares of face value ₹10 each, aggregating to ₹2700 crore at face value. The shares will be issued through various modes including Qualified Institutional Placement (QIP) and Follow-on Public Offering (FPO) in one or more tranches during FY27, subject to shareholder and regulatory approvals. Additionally, the board approved raising up to ₹5000 crore through the issuance of Basel III Additional Tier I Bonds, Tier II Bonds, and Long-term Infrastructure Bonds in one or more tranches during FY27.
Segment Performance
The bank's business segments showed varied performance during the year. Treasury Operations reported revenue of ₹803096 lakh, Corporate Banking Operations generated ₹1098199 lakh, and Retail Banking Operations contributed ₹1066632 lakh. Domestic operations accounted for revenue of ₹2797709 lakh, while international operations contributed ₹176390 lakh. The bank holds forward-looking provision of ₹1037.59 crore on account of Expected Credit Loss and ₹341 crore as contingency provision as of 31 March 2026.
UCO Bank has announced a key leadership change with the appointment of Mr. Neeraj Daporkar as Chief Compliance Officer (CCO) effective from 24.04.2026. The appointment was communicated to stock exchanges under Regulation 30 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Leadership Transition Details
The bank's Board of Directors has appointed Mr. Neeraj Daporkar, currently serving as General Manager, to the position of Chief Compliance Officer. This appointment comes as part of an internal reorganization where Mr. Ravi Shankar Narayan, the outgoing CCO, has been assigned a new role within the bank.
Parameter Details Appointee Mr. Neeraj Daporkar Position Chief Compliance Officer (CCO) Current Designation General Manager Effective Date 24.04.2026 Predecessor Mr. Ravi Shankar Narayan
Professional Profile and Qualifications
Mr. Neeraj Daporkar, aged 47 years, brings substantial academic credentials and professional expertise to his new role. His educational background includes a Post Graduate Degree in Information Technology and a Graduate Degree in Computer Science and Engineering. He holds the prestigious Certified Associate of the Indian Institute of Bankers (CAIIB) certification, demonstrating his comprehensive understanding of banking operations.
The new CCO has enhanced his professional capabilities through numerous specialized certifications from the Indian Institute of Banking and Finance (IIBF). His certifications span critical banking domains including:
Certified Course in International Trade Finance
Certificate Examination in Foreign Exchange Operations
Certified Treasury Professional
Prevention of Cyber Crime and Fraud Management
Certificate in International Banking
Certificate in Corporate Banking
Certificate Examination in Customer Service & Banking Codes and Standards
Diploma in Information System Audit (DISA)
Extensive Banking Experience
Mr. Daporkar brings over 19 years of comprehensive experience in the banking sector to his new compliance role. His career trajectory has encompassed diverse operational areas across UCO Bank's network, including various branches, overseas centers, zonal offices, flagship corporate branches, and corporate departments.
His professional exposure includes significant experience in overseas operations and core banking functions, providing him with a well-rounded perspective on banking operations and regulatory requirements. This extensive background positions him well to handle the compliance responsibilities in the current regulatory environment.
Regulatory Compliance
The appointment follows proper corporate governance protocols, with the bank fulfilling its disclosure obligations under SEBI regulations. The communication was signed by Company Secretary Vikash Gupta and submitted to both the National Stock Exchange of India Ltd. and BSE Limited on 24.04.2026.
The transition reflects UCO Bank's commitment to maintaining strong compliance standards while ensuring continuity in leadership roles. Mr. Daporkar's appointment as CCO represents the bank's focus on leveraging internal talent with proven track records in banking operations and regulatory understanding.
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