Transcript of Post Earnings Analyst meet held on 23.07.2026

UCO BANK स(cid:7013)मान आपके िव(cid:7393)ास का Honours Your Trust HO/Finance/Share/91/2026-27 Date: 30.07.2026 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 July 23, 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 – Q1 FY27 Post Earnings Call with Analysts Date 23.07.2026 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 Q1 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: − Thank you for arranging this call with all our esteemed analysts and investors. Good afternoon to all of you. − So you all know that we have announced our quarterly financial results for the quarter ended 30th June 2026. We have already uploaded our presentation, detailed results, with key highlights. I will just summarize the key performance highlights for the quarter for ready reference of all of you. − So, business growth of the bank has been very well and quite diversified also. So, as we know, the total business of the bank has reached 6,05,000 crores on 30th June. This growth comes to 15.53% year-on-year growth in June, supported by Advances growth of 21.18% and Deposit growth of 11.28%. So thereby our total Advances, global Advances have reached to 272,768 crores and Deposits have reached 3,32,315 crores. − Deposit growth has been supported by CASA growth where our growth year- on-year has been 12.34%. Our total CASA stood at 1,16,136 crores. This is with the support of Current Deposit growth of 16.23% and Savings Deposit growth of 11.78%. Our CASA ratio as on 30th June has been at 36.94%. Our Advances growth has been contributed by all the sectors. RAM growth has been 25.27%, and within the RAM, retail growth has been 27.32%. Our Agriculture Advances have grown by 30% and our MSME Advances have grown by 18.79% year-on- year. So this is the growth in the business, Advances in Deposit. − With the support of this growth in business, our profitability has also improved. So our Operating Profit has grown by 79.8% to Rs. 2,810 crores in this quarter. This Operating Profit growth has been supported by core income growth where our NII income has grown by 16.85%. Then our fee-based income has also grown 35%, and then there is a recovery from TWO accounts that is about Rs. 1,018 crores; that has also supported us in our Operating Profit growth. Page | 2 − While the Operating Profit growth has been good, our Net Profit growth has been 8% year-on-year to Rs. 656 crores. So there is in between provision, and our taxation provision have increased, so we have provided for tax Rs. 1,919 crores. So that is the maximum provision provided. Out of this Rs. 1,919 crores, there is a one-time DTA charge. So basically, earlier in the old tax regime, we were calculating DTA at the rate of around 35%. Now in this financial year, we have moved to the new tax regime where the tax rate is at around 25%. So now with this change, the DTA has been recalculated, remeasured, and due to this remeasurement, Rs. 1,237 crores one-time DTA charge has been provided in the profit & loss account. So thereby, our regular DTA means…regular tax provision is around Rs. 625 crores or so, and addition this Rs. 1,237 crores, total tax provision has been Rs. 1,919 crores. Had it not been there, our Net Profit could have been more. So that is the reason why the Net Profit is at Rs. 656 crores. − Then with this profitability, our asset quality has also improved. So we have seen reduction in Gross NPA by 55 basis points year-on-year. So our GNPA as on date is 2.08%. Same way, our Net NPA has also reduced by 20 bps year-on-year and our Net NPA is today 0.25%. And we have Provision Coverage Ratio of 97.85%. If we go by the guidance given in the beginning of the current financial year, we have surpassed most of the guidance, like Deposit growth, we were at 11.28% against the guidance given 10 to 12%. Same way, in credit growth, our growth is 21% plus against the guidance of 12 to 14%. We have maintained CASA ratio within the guidance, just below 37%. RAM sector Advances constitute 64.5%, is against our guidance of 62 to 65%. Our CD ratio stood at 82%. Credit cost has been controlled. We have given guidance to maintain the credit cost below 0.75% against which in the 1st Quarter, our annualized credit cost is 0.39%. Same way, our Slippage Ratio, we have given guidance of 1%, less than 1% and our actual Slippage Ratio annualized for the quarter is 0.63%. So thereby, we have maintained it, our GNPA, NNPA, NIM also we have maintained as per the guidance given. So overall, this financial performance has been encouraging. − Other than the financial performance, if I talk about the various initiatives taken by the bank, during this quarter also, we have taken many new steps and we have launched many new products as well: • Like in digital Project Parivartan, we have started Project Parivartan 2.0, wherein we are working to create our call centre as a profit centre. So many journeys we have been bringing on the call centre also. So thereby, in IVR, we are offering many more services to our customers and many new customers are connecting for their services through IVR and the Call centre. Their fulfilment rate has also improved. Page | 3 • We have launched STP Home Loan Journey in the digital drive. • We have also started our digital marketing solution, wherein the marketing of various products is being done through the digital channel. • We have integrated with the ULI of RBI, that is Unified Lending Interface for STP Home Loan Journey and STP Ashray Loan Journey. So they provide the backend solution and backend validation of various KYC and other things. • Then we have also implemented our CBDC and we have started our CASA back office, where all the current account and saving accounts are being opened. • We have implemented our DMS solution, Documents Management solution, which is helping us in working better in CASA back office as well as in our credit hubs like Retail Hub and Agri and MSME hubs. • We have launched many new products also, like for CASA and Deposits, we have launched UCO Rising Star for children. We have launched UCO Gig Scheme for gig workers in savings. Then we have started a UCO Business Aarambh Current Account product, which is for the startups. And then we have recently launched UCO 3-in-1 product for younger generations who have an interest in investment or equity investment. So therein we are proposing and providing our savings account and Demat accou [Showing first 8,000 characters — download PDF for full document]