UCO Bank Clears Dividend, Rs 2,700 Crore Equity Issue and Rs 5,000 Crore Bond Plan

UCO Bank ( (IN:UCOBANK) ) has provided an announcement.

UCO Bank’s board has approved the audited financial results for the quarter and year ended March 31, 2026, and recommended a final dividend of Rs 0.44 per equity share for FY 2025-26, subject to shareholder approval at the upcoming annual meeting. The move signals continued shareholder returns while the bank also disclosed supporting regulatory documents, including an unmodified audit opinion, security coverage details for unsecured listed debt, and statements on utilization of issue proceeds.

In a parallel push to strengthen its capital base and support future growth, the board cleared an equity capital raising plan of up to 270 crore new equity shares at face value aggregating Rs 2,700 crore via routes such as QIP and FPO during FY 2026-27, pending statutory and shareholder approvals. The bank also approved raising up to Rs 5,000 crore through Basel III-compliant Additional Tier I, Tier II, and long-term infrastructure bonds, underscoring an aggressive balance sheet expansion strategy that could enhance regulatory capital ratios and funding flexibility.

More about UCO Bank

UCO Bank is a state-owned commercial bank based in Kolkata, operating in India’s banking and financial services industry. The bank provides a broad range of retail and corporate banking products, including deposits, loans, and credit facilities, and is listed on major Indian stock exchanges, targeting both individual and institutional customers nationwide.

Average Trading Volume: 671,146

Technical Sentiment Signal: Sell

Current Market Cap: 333.9B INR

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