Transcript of Post Earnings Call held on 15.10.2026

UCO BANK स(cid:7013)मान आपके िव(cid:7393)ास का Honours Your Trust HO/Finance/Share/124/2026-27 Date: 16.10.2026 BSE Limited National Stock Exchange of India Ltd. Phiroze Jeejeebhoy Towers “Exchange Plaza” Dalal Street,Fort, Plot no. C/1, G Block Mumbai – 400 001 Bandra-Kurla Complex, Bandra (E) BSE Scrip Code: 532505 Mumbai – 400 051 NSE Scrip Symbol: UCOBANK Madam/ Dear Sir Re: Transcript of Post Earnings Call Pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby submit the transcript of the Post Earnings Call with Analysts held on October 16, 2026. The transcript is enclosed herewith and has also been uploaded on the Bank’s website. We request you to kindly take the above on record and disseminate. Yours sincerely, For UCO Bank (Vikash Gupta) Company Secretary Encl: As stated UCO Bank, Finance Department, Head Office, 3rd Floor, 02, India Exchange Place, Kolkata – 700 001 Phone: 033 - 44557227, E-mail: hosgr.calcutta@uco.bank.in Follow UCO Bank on Twitter: UCOBankOfficial; Facebook: Official.UCOBank; Instagram: Official.ucobank; LinkedIn: UCO BANK; You Tube: UCO Bank Official TRANSCRIPT FINANCIAL RESULTS – Q2 FY27 Post Earnings Call with Analysts Date 15.10.2026 Time 03:30 pm Mode Virtual (Webex) Bank’s Senior Management is represented by : 1. Mr. Rajendra Kumar Saboo, Managing Director & CEO (I/C) and Executive Director 2. Mr. Vijay N Kamble, Executive Director Moderator : M/s Antique Stock Broking Limited Page | 1  Moderator: Good afternoon, everyone and welcome to the UCO Bank Q2 FY27 Earnings call. Today from the management side, we have with us: o Mr. Rajendra Kumar Saboo – Managing Director & CEO (I/C) and Executive Director o Mr. Vijay N Kamble - Executive Director With this I hand over the call to MD sir for his opening remarks, post which we will have a Q&A session. Thank you and over to you, sir. - Mr. Rajendra Kumar Saboo - MD & CEO (I/C) and ED, UCO Bank: - Good afternoon to all, and welcome to all analysts and investors in this Analyst Meet Concall for the financial results of UCO Bank for the quarter ended 30th September, 2026. Already the results have already been published on the websites of the stock exchanges. This release has also been published, and the detailed presentation has also been placed on the websites of BSE and NSE, as well as on our bank's website. I hope that you must have gone through that. Still, I will give a brief of the various highlights of our results for the Quarter and Half Year ended 30th September, 2026. - The total business of the bank has reached to Rs.6,37,280 crore, registering a growth of 18.81% year-on-year. In this, the gross advances, the global advances of the bank, have grown by 24.70% year-on-year, reaching to Rs. 2,87,690 crore. And our total deposits have grown by 14.36%, reaching to Rs.3,49,590 crore for the period. - Out of this deposit, CASA growth has been 10.59% year-on-year, reaching to Rs.1,22,259 crore, in which savings deposits have grown to Rs.1,37,736 crore with a growth rate of 9.10%, and current deposits have grown to Rs.18,523 crore with a growth rate of 19.70% year-on-year. Thereby, our CASA ratio has been maintained at 36.77%. This is slightly lower than the June quarter. - Whereas, the advances have grown by 24.70%, the growth has come from all the sectors, like Retail, Agri, MSME and Corporate. So, the Retail advances have grown by 30.23%, and Agriculture has grown by 29.59%, and MSME has grown by 20.32%. And overall RAM sector growth has become 26.92%. And the total RAM portfolio stands at Rs.1,68,736 crore. - With this growth in advances and deposits, our profitability has also improved. So, our operating profit is Rs.1,872 crore for the quarter, with a growth of 16.04%. Net profit has grown to Rs.786 crore, a growth of 26.77% year-on-year, as against Page | 2 Rs.620 crore in the last year, September 2025. The NIM has been maintained at 3% for the global, and the domestic NIM has been maintained at 3.19% for the quarter. - This profitability is also coupled with asset quality improvement as well. So, our gross NPA ratio has reduced year-on-year by 60 basis points to 1.96%, and the net NPA ratio has improved by 25 basis points year-on-year. The net NPA ratio stands at 0.18% as on 30th September, 2026. - If you see these growth rates, profitability and NPA position, the actuals are exceeding the guidance which we gave at the beginning of the year, except for the CASA ratio. So, while we had given growth guidance in deposits of 10 to 12%, our growth has been 14% plus. We had given guidance in advances growth of 12 to 14%; the growth has been 24.70%. Our guidance on the GNPA was to make it less than 2% by 31st March, 2027; we have already, in the half year, brought it down to below 2%, and our GNPA ratio is 1.96%. In the same way, our guidance for the net NPA ratio was to bring it down below 0.25% for the year, but in the half year itself we have brought it down to below 0.20%, that is 0.18%. - Our capital adequacy ratio stands at 18.85%, with a Tier 1 ratio of 17.27%. Our CD ratio has improved to 82.29%, as against 75.47% in the previous year. Our total provision coverage ratio, including TWO has increased to 98.36%. - Then, our net interest income, if you go deeper into the profitability, has grown by 13.96% year-on-year to Rs. 2,886 crore. Our cost of funds has increased somewhat, a little bit, to 4.44%. Our yield on advances is 8.11% for the domestic and 7.79% for the global for the quarter. - Our cost-to-income ratio is 50.39% for the quarter ended 30th September 2026. Return on assets is annualised at 0.80%, which was 0.71% last year. And out of the non-interest income, our fee-based income has grown 34.66% to Rs.558 crore in the quarter. - On our slippage ratio we had also given guidance to keep it below 1%, and for the quarter it is 0.85%. So, thereby, we have also maintained our slippage ratio and our slippage ratio is also below the given guidance. - The productivity has also improved. Business per employee of the bank stands at Rs.30 crore, which was Rs.25 crore last year. In the same way, business per branch has also improved to Rs.185 crore, as against Rs.161 crore last year. We have a branch network of 3,439 branches, and we have added 27 branches. We Page | 3 have three international branches, Hong Kong, Singapore, and we have opened our GIFT City IBU also in this quarter only. - So, mainly this is the highlight of the business, profitability and asset quality. I will quickly present a few initiatives we have taken during the last quarter, which have helped us in growing the business as well as improving profitability and asset quality. - As we all know, CBDC is also a very important development in the Indian economy, so our bank is also working to bring a CBDC offering to the customers. In the last quarter we have launched two special features on CBDC. One is the UCO Digital Rupee marketplace, where the CBDC can be utilised through the CBDC wallet. The marketplace has been connected, and many types of payments, like ticket booking, gift cards and all those things, can be made through CBDC as well. We have also launched our CBDC IVR services, whereby customers can utilise the CBDC offline also. - We have started our robotic process automation, wherein seven processes have been automated through RPA. - We have implemented a digital marketing solution so as to do digital marketing for our products. As we know, the bank has undertaken Project Parivartan, wherein our digital business balance sheet has grown to Rs.48,000 plus crore as on 30th September, 2026. To increase the digital business balance sheet size further, we have onboarded the digital marketing solution as well, which will help us in this. - We all know that UPI is also a very, very important payment channel, and constantly there are many, many improvements in the features of UPI. Recently, at the Global Fintech Forum in Mumbai, many new [Showing first 8,000 characters — download PDF for full document]