05-Nov-2026Today's Market Indicators

UCO Bank announced that S&P Global Ratings has assigned long-term and short-term issuer credit ratings of BBB and A-2, respectively, both with a stable outlook, underpinned by government ownership and ample liquidity, while noting that profitability and asset quality lag industry averages; S&P also assigned ratings of BBB/A-2 to corporate loans and believes UCO Bank has a very high likelihood of receiving support from the Indian government, if needed. Additionally, S&P assigned an Issuer Credit rating of BBB for the long-term and A-2 for the short-term, and anticipates the Nonperforming Assets Ratio to be 2.5%-3.0%, compared with 2.4% as of end-September 2026, alongside a stable outlook for unspecified instruments; Standard & Poor's assigned a long-term rating of BBB with a stable outlook reflecting improved risk management and asset quality, and a short-term rating of A-2 indicating a very high likelihood of government support, alongside a SACP assessment that carries potential for downgrade if sovereign ratings are lowered or the SACP assessment is revised downward; finally, S&P assigned a rating of BBB/A-2 with a stable outlook to an unspecified instrument with identifier 3654389, while also disclosing a Risk-Adjusted Capital (RAC) Ratio of 9.5% as of March 31, 2026, with expectations for it to climb above 10%, a Common Equity Tier 1 (CET1) Ratio of 16.4% as of end-March 2026, with intentions to maintain it over 15%, a reported Return on Assets of 0.79% as of end-March 2026, potential Credit Costs of 0.4%-0.5% of customer loans in fiscal 2028-2029, a loan-to-deposit ratio of 80.2% as of March 2026, and a stable funding ratio of 127% over five years.