Type of Event: Post Earnings Call with Analysts to discuss Q1 FY27 financial results.

Date and Time: The call was held on July 23, 2026, at 03:30 pm.

Purpose: The stated purpose was to discuss the quarterly financial results for the quarter ended June 30, 2026.

Management Participants: The Bank's Senior Management was represented by:

  • Mr. Rajendra Kumar Saboo, Managing Director & CEO (I/C) and Executive Director
  • Mr. Vijay N Kamble, Executive Director

Moderator: The call was moderated by M/s Antique Stock Broking Limited.

Availability of Materials: The transcript of the call was submitted to the exchanges and has been uploaded on the Bank's website. A presentation and detailed results were referenced as having been uploaded prior to the call.

UPSI Statement: The company did not include any explicit statement confirming that no Unpublished Price Sensitive Information (UPSI) would be shared.

Financial Period Discussed: The call focused on the Q1 FY27 (April - June 2026) results.

Key Financial Highlights & Guidance:

  • Business Growth: Total business reached ₹6,05,000 crores, a 15.53% YoY growth. Global Advances grew 21.18% YoY to ₹272,768 crores. Deposits grew 11.28% YoY to ₹3,32,315 crores.
  • CASA: CASA grew 12.34% YoY to ₹1,16,136 crores, with a CASA ratio of 36.94%.
  • RAM Advances: RAM sector growth was 25.27% YoY (Retail: 27.32%, Agri: 30%, MSME: 18.79%). RAM constitutes 64.5% of total advances.
  • Profitability: Operating Profit surged 79.8% YoY to ₹2,810 crore. Net Profit grew 8% YoY to ₹656 crore.
  • Tax Provision: A total tax provision of ₹1,919 crore was made, which included a one-time charge of ₹1,237 crore due to the remeasurement of Deferred Tax Assets (DTA) following a shift to the new tax regime.
  • Asset Quality: Gross NPA improved to 2.08% (down 55 bps YoY). Net NPA improved to 0.25% (down 20 bps YoY). Provision Coverage Ratio stood at 97.85%.
  • Credit-Deposit Ratio: Stood at 82%.
  • Guidance for FY27: The management reiterated guidance provided at the start of the year:
  • Deposit Growth: 10-12% (Actual Q1: 11.28%)
  • Credit Growth: 12-14% (Actual Q1: 21.18%)
  • CASA Ratio: Guidance met (Actual: 36.94%)
  • RAM Share: 62-65% (Actual: 64.5%)
  • NIM: 2.8-2.9% (Actual Q1: 3.05%)
  • Credit Cost: <0.75% (Annualized Q1: 0.39%)
  • Slippage Ratio: <1% (Annualized Q1: 0.63%)
  • Other Guidance: Cost-to-income ratio is expected to be around 50% for the full year (Q1 was 37.49%, boosted by non-recurring recoveries). ROA is expected to be near 1% by year-end (Q1 annualized was 0.68%).

Strategic & Operational Updates:

The management detailed several digital and business initiatives under 'Project Parivartan 2.0':

  • Launched STP Home Loan Journey and integrated with RBI's Unified Lending Interface (ULI).
  • Implemented CBDC (Central Bank Digital Currency) and a CASA back office.
  • Launched new products: UCO Rising Star (for children), UCO Gig Scheme (for gig workers), UCO Business Aarambh Current Account (for startups), and a UCO 3-in-1 account (savings, demat, trading with Aditya Birla Money).
  • Upgraded IVR and launched an AI-based chatbot (UDAY).
  • Pipeline initiatives include launching an Omni-Channel platform, Cash Management Services for corporates, expanding the GST Smart product limit, and opening a GIFT City branch next month.

Additional Notes Section

  • The document submitted is the transcript of the earnings call, which was the enclosure to the regulatory filing.
  • The transcript contains detailed financial data and management commentary from the Q1 FY27 earnings discussion.
  • No separate attachments (like the presentation deck) were included in this specific data text, though their existence and upload to the website are confirmed.