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UCO Bank ( (IN:UCOBANK) ) just unveiled an update.
UCO Bank’s board has approved the audited financial results for the quarter and full year ended 31 March 2026, marking the close of its 2025-26 financial year. The board has also recommended a dividend of Rs 0.44 per equity share for 2025-26, subject to shareholder approval at the upcoming annual general meeting.
In a bid to bolster its capital base and support future growth, the bank cleared a plan to raise Rs 2,700 crore by issuing 270 crore new equity shares at face value through instruments such as QIPs or FPOs in 2026-27, pending regulatory and shareholder clearances. Additionally, UCO Bank will seek to raise up to Rs 5,000 crore via Basel III-compliant Additional Tier I, Tier II or long-term infrastructure bonds in multiple tranches during the same financial year, strengthening its regulatory capital and funding flexibility.
More about UCO Bank
UCO Bank is a public sector lender headquartered in Kolkata, operating in India’s banking and financial services industry. The bank provides a range of retail and corporate banking products, including loans, deposits and other financial services, and its shares are listed on major Indian stock exchanges, reflecting its focus on both equity and debt market investors.
Average Trading Volume: 671,146
Technical Sentiment Signal: Sell
Current Market Cap: 333.9B INR
Learn more about UCOBANK stock on TipRanks’ Stock Analysis page.