UCO BANK : S&P ASSIGNS BBB/A-2 ISSUER CREDIT RATINGS, OUTLOOK STABLE

• S&P Global Ratings assigned BBB long-term and A-2 short-term issuer credit ratings; long-term outlook stable • Long-term rating is one notch above the stand-alone credit profile on very high likelihood of Indian government support • CET1 ratio 16.4% at end-March 2026 v industry 15.3%; risk-adjusted capital ratio 9.5% at March 31, 2026 • Board-approved plan to raise ₹2,700 Cr of core equity capital, likely by fiscal 2028, to lift RAC ratio above 10% • Return on assets 0.79% at end-March 2026 v system ~1.3%; NPA ratio 2.4% at end-September 2026, seen at 2.5%-3.0% over next two years • Overseas loans about 11.0% of total advances at end-September 2026; presence in Singapore, Hong Kong and a new GIFT City branch

UCO Bank

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