Event Type: Post Earnings Call with Analysts for Q2 FY27 results

Date and Time: October 15, 2026 at 03:30 pm

Mode: Virtual (Webex)

Purpose: Discussion of financial results for the quarter ended September 30, 2026 and business updates

Management Participants:

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

Moderator: M/s Antique Stock Broking Limited

The meeting was held after earnings announcement, with results already published on stock exchange websites and the bank's website. A detailed presentation was also made available on these platforms.

The company indicated that no unpublished price sensitive information (UPSI) would be shared during the call.

Financial Period Discussed: Q2 FY27 (Quarter ended September 30, 2026) and Half Year ended September 30, 2026

Key Financial Highlights Disclosed:

  • Total business reached ₹6,37,280 crore, registering 18.81% YoY growth
  • Gross advances grew 24.70% YoY to ₹2,87,690 crore
  • Total deposits grew 14.36% YoY to ₹3,49,590 crore
  • CASA growth of 10.59% YoY to ₹1,22,259 crore
  • CASA ratio maintained at 36.77%
  • Operating profit of ₹1,872 crore with 16.04% growth
  • Net profit of ₹786 crore with 26.77% YoY growth (vs ₹620 crore in Q2 FY26)
  • Global NIM maintained at 3%, Domestic NIM at 3.19%
  • Gross NPA ratio reduced by 60 bps YoY to 1.96%
  • Net NPA ratio improved by 25 bps YoY to 0.18%
  • Capital adequacy ratio at 18.85% with Tier 1 ratio of 17.27%
  • CD ratio improved to 82.29% from 75.47% previous year
  • Provision coverage ratio (including TWO) increased to 98.36%
  • Net interest income grew 13.96% YoY to ₹2,886 crore
  • Cost of funds increased to 4.44%
  • Yield on advances: Domestic 8.11%, Global 7.79%
  • Cost-to-income ratio at 50.39%
  • Return on assets annualized at 0.80% (vs 0.71% last year)
  • Fee-based income grew 34.66% to ₹558 crore
  • Slippage ratio at 0.85%

Business Segment Performance:

  • Retail advances grew 30.23%
  • Agriculture advances grew 29.59%
  • MSME advances grew 20.32%
  • RAM sector growth of 26.92%
  • Total RAM portfolio at ₹1,68,736 crore
  • Corporate advances grew 24.15%

Strategic Initiatives and Updates:

  • Launched UCO Digital Rupee marketplace for CBDC utilization
  • Introduced CBDC IVR services for offline usage
  • Implemented robotic process automation for 7 processes
  • Deployed digital marketing solution for product promotion
  • Project Parivartan: Digital business balance sheet grew to ₹48,000+ crore
  • Launched UPI Tap and Pay, UPI Help 2.0, and UPI automatic surveillance system
  • Implemented online self-service module and customer 360-degree portal
  • Opened GIFT City IBU branch in the quarter
  • Launched eFDR under MCX (already live on BSE and NSE)
  • Signed MOUs with Government of Bihar and Rajasthan state government for salary accounts
  • Recruited specialist officers (data analysts, CAs, Trade Finance officers)

Guidance References:

  • Deposit growth guidance: 10-12% (actual: 14%+)
  • Advances growth guidance: 12-14% (actual: 24.70%)
  • GNPA guidance: <2% by March 2027 (achieved 1.96% in H1)
  • Net NPA guidance: <0.25% for year (achieved 0.18% in H1)
  • Slippage ratio guidance: <1% (actual: 0.85%)
  • NIM guidance: 2.80%-2.90% (actual: 3% global, 3.19% domestic)
  • Credit cost guidance: <0.75% (actual: 0.65%)

Additional Notes Section

The document includes the full transcript of the post-earnings analyst call. No financial data attachments were mentioned beyond what was disclosed in the transcript. The announcement primarily serves as a compliance filing for the investor meet disclosure.