UCO Bank Share Price

Bank of India Eyes $1B Overseas Borrowing by December

(BoI), a state-owned lender, intends to raise about $1 billion through overseas borrowings by December 2026. The move is designed to leverage the Reserve Bank of India’s (RBI) subsidy scheme that reduces the cost of hedging foreign currency borrowings. Previous Mobilization: Earlier, BoI successfully raised $2.2 billion via the RBI’s Foreign Currency Non-Resident Bank [FCNR(B)] deposit window. This exceeded its initial target, with significant inflows coming from Singapore, Hong Kong, and India’s GIFT City. The funds are expected to be deployed by the third quarter of FY27. Closure of FCNR(B) Scheme: The FCNR(B) deposit scheme, which fully covered hedging costs, was closed on August 31, 2026—one month earlier than planned. This ended the supply of cheap U.S. dollars, prompting banks to explore alternative concessional borrowing routes. Alternative Facilities: The RBI has kept open the External Commercial Borrowing (ECB) and Overseas Foreign Currency Borrowing (OFCB) windows until December 31, 2026. These facilities offer a 1.5% annual subsidy on hedging costs, typically ranging between 3.5% and 4%, effectively reducing expenses by 200–250 basis points. Industry-Wide Participation: Several banks—including Punjab National Bank, Bank of Baroda, Axis Bank, RBL Bank, Federal Bank, Canara Bank, UCO Bank, Bank of Maharashtra, and IndusInd Bank—are reportedly in early discussions to tap into the OFCB facility. Scale of Inflows: Collectively, Indian banks mobilized a record $127.22 billion through FCNR(B) deposits, alongside $5.26 billion via OFCBs and $3.89 billion through ECBs. The combined inflows reached $136.37 billion, underscoring the strong appetite for RBI-backed concessional borrowing schemes.

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Trendline Breakdown uco bank chart example

A trendline breakdown occurs when the price decisively moves below an important rising trendline that has been acting as support. It indicates that buyers are losing control and selling pressure is increasing. A strong bearish candle closing below the trendline, preferably with higher volume, gives stronger confirmation. After the breakdown, the previous trendline support can sometimes turn into resistance during a retest. If price fails to reclaim the trendline and continues making lower highs and lower lows, the bearish structure becomes stronger. However, a quick move back above the trendline can indicate a false breakdown. In simple terms: Rising trendline support → breakdown → retest → rejection → bearish continuation.

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Trendline

A trendline breakdown occurs when the price decisively moves below an important upward-sloping trendline that has been supporting the stock over multiple occasions. It indicates that buying strength is weakening and the existing uptrend may be losing momentum. A breakdown is considered stronger when accompanied by higher volume and a closing price below the trendline; the broken trendline can then act as resistance, with the next support zone becoming the potential downside target.

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UCO Bank is a PSU lender undergoing a meaningful improvement in profitability, credit growth and asset quality.

UCO Bank is a PSU lender undergoing a meaningful improvement in profitability, credit growth and asset quality. FY26 net profit increased 13.2% YoY to ₹2,768 crore, while operating profit rose 6.5% to ₹6,429 crore. Total advances grew 19.4% to ₹2.63 lakh crore and deposits increased 11.6% to ₹3.28 lakh crore. Gross NPA improved sharply to 2.17% from 2.69%, with PCR at 97.8%. Latest News: Q1 FY27 profit increased 8.1% YoY, supported by stronger core income and lower provisions, while asset quality continued improving. Corporate Action: Investors should monitor capital-raising, dividend and government stake-related announcements. With accelerating loan growth, improving NPAs and strengthening profitability, UCO Bank offers a PSU-bank turnaround opportunity; however, NIM pressure, credit costs and government ownership remain key risks.

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UCO Bank cuts 3-month TBLR to 5.25%, raises G-Sec rates

revised its TBLR and G-Sec linked benchmark rates effective August 7, 2026. The ALCO cut the 3-month TBLR to 5.25% and the 12-month TBLR to 5.65%, while raising the 1-year UCO G-Sec Rate to 5.80% and the 10-year G-Sec Rate YTM to 6.96%. MCLR, Repo Linked Rates, Base Rate, and BPLR remained unchanged. Please note that the information shared is intended solely for informational purposes and does not make any investment recommendations.

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