UCO Bank — Investor Meet, 30-07-2026: Analysts/Institutional Investor Meet/Con. Call Updates

UCO Bank delivered strong Q1 FY27 results. Total business grew 15.53% YoY to 6,05,000 Cr, with Advances up 21.18% and Deposits up 11.28%. Operating Profit surged 79.8% to 2,810 Cr. Net Profit increased 8% to 656 Cr, despite a one-time 1,237 Cr DTA charge from a tax regime change. Asset quality improved, with GNPA at 2.08% and NNPA at 0.25%. The bank is focused on RAM sector growth, digital transformation initiatives like Project Parivartan 2.0, and launching new products. Management expressed confidence in continued business momentum and asset quality.