Good afternoon, everyone, and welcome to the UCO Bank Q4 FY 2026 earnings conference call. Today from the management side we have with us Mr. Ashwani Kumar, MD and CEO, sir, Mr. Rajendra Kumar Saboo, ED, and Mr. Vijaykumar Nivrutti Kamble, executive director. With this, I hand over the call to MD, sir, for his opening remarks, post which we will have a Q&A session. Thank you, and over to you, sir.
Thank you. A very warm welcome to all the analysts and investors to this post-results conference call for the financial year 2025-26. Am I audible?
Yes, sir. You are audible. Please go ahead.
Thank you. I have with me our executive directors, Mr. Saboo and Mr. Kamble, and also our CRO, CFO. All other top management team is with me. Thank you for joining the conference call once again. I'll just give you the brief about the overall performance of the bank for the last quarter and the full financial year. Our business grew by 14.59% on a YOY basis, and the gross advances grew by 19.44% on a YOY basis, and deposits grew by 11.59% basis. Within deposits, our CASA growth was around 12.46%, which savings grew at 11.878%, and current account registered a growth of 16.77%.
Our CASA ratio was maintained above 38. Our guidance was 37-38. CASA was 38.65, improved by 75 basis points over last year. Within the advances, our RAM segment grew by 24%+, and in the RAM segment, retail advances grew by 26%+, agriculture advances grew by 26%, and MSME advances grew by 19%. Within the retail, housing loan grew by around 19%, and car loan growth was around 71%. Coming to asset quality. Our asset quality, gross NPA improved to 2.17%. There is a 52 basis points reduction over last year. Net NPA was brought down to 0.27%. There is 23 basis points reduction over last year. PCR improved to 97.79%, 110 basis points improvement over last year.
Excluding TWO, PCR improved to 87.66%, 571 bps over last year. Coming to profitability. Our operating profit for the full year was INR 6,429 crore. That is a growth of 6.49%. Full year profit was INR 2,768 crore with a growth of 13.21% on a YOY basis. Net profit for the quarter ended was INR 801 crore with a growth of 22% on a YOY basis. Now coming to the guidance versus actual achievement. Our deposit growth guidance was 10%-12%. Achievement is 11.59%. Credit growth guidance was 12%-14%, and our actual achievement is 19.44%.
CASA percentage was 37%-38%. Actual is 38.65%. RAM percentage, we targeted 61%-63%. Actually, 65%. CD ratio, our target was 75%-77%. We have achieved CD ratio 80%-80.21%. Credit cost guidance was less than 1%. It is 0.62%. NIM global, we have given a guidance of 2.8%-2.9%. Actual NIM is 3.03% for the global, and for domestic it is 3.23%. Gross NPA guidance was less than 2.5%. Actual NPA is 2.17%. Net NPA guidance was less than 0.35%. Actual is 0.27%. Slippage ratio guidance was 1%-1.25%.
Actual is, net slippage ratio is 0.78%. Total recovery and upgradation guidance was INR 2,200-INR 2,700 crore. Actual is INR 2,944 crore. Now, coming to the guidance for the current year. Deposit, we have kept the guidance in the same range, 10%-12%. Credit, 12%-14%. CASA, again, 37%-38%. RAM, we have improved our guidance to 62%-65%. CD ratio, 80%-82%. Credit cost, less than 0.75%. NIM global in the range of 2.8-2.9. Gross NPA less than 2%. Net NPA less than 0.2%. Slippage ratio less than 1%. Recovery and upgradation in the range of INR 2,000-INR 2,500 crore. Now, coming to the other parameters.
Our cost to income ratio, which has improved by 581 basis points over last year. It is now 52.66%. Our fee-based income grew by 32% on a YOY basis to INR 516 crore against INR 389 crore. Our capital adequacy ratio, that has improved to 18.61% with Tier 1 capital of 16.59%. Board has approved declaration of dividend at the rate of 4.40%.
That is 44 paisa per equity share, subject to approval of the shareholders in the ensuing annual general meeting, which works out to be dividend payout of 20% approximately. Business per employee of the bank has improved to INR 28 crore as against INR 24 crore a year back, and business per branch has also improved to INR 173 crore as against INR 155 crore a year back. Provision coverage ratio also improved to 98%. We have total number of 3,412 branches and two overseas branches in Hong Kong and Singapore, and one representative office in Iran. 110 branches have been opened in the last financial year. 61% of the domestic branches are spread in rural and semi-urban areas.
Now, let me talk about the initiatives which we had earlier talked and where we do stand and what are the further initiatives which we are planning. The initiatives which we last year spoke, which have been completed, is the CBDC. That is now available in both iOS, Android phones. Performance management solution has also been completed. Learning and Development Center of Excellence has been completed. Project Parivartan we initiated last year, and that Project Parivartan, where we are focusing on the digital transformation and digital business, has come a long way. Till now, 31 journeys have been completed, and the total digital business across asset and liability has crossed INR 25,000 crore in last year. Mobile banking users have also increased 5 times from 82 lakh to 153 lakh in 3 years.
Active mobile users have increased from 14 lakh to 70 lakh in three years. The active mobile users, whether it is registered mobile user percentage was 17% three years back. Now it has improved to 46%. We started tab banking across the branches. All the branches have been given tab. In this last financial year, more than 10 lakh accounts have been opened through tab banking. Percentage of accounts opened through tab banking without excluding BSBD and PMJDY account is 66% accounts are open through the tab banking. We launched WhatsApp banking also. Now more than 20 lakh customers are onboarded on the WhatsApp banking channel, and 49 services in 14 languages are available in our WhatsApp banking.
Many new features have been launched in our call center and in our mobile app in the last financial year. New treasury solution, Murex solution, implementation has been completed. Data center consolidation we started last year. That has also been done in Kolkata. We have started multi account monitoring through UCO Vigil Plus under transaction monitoring vertical. Our API gateway has started now. Automation of ALM, TPM has also been completed. Application performance monitoring system has also been implemented. Feedback mechanism system to watch and improve customer service was implemented and that has also started working. Now we are getting real-time feedback from our customer through SMS, through QR code, and through website and our WhatsApp banking channel. We have already integrated with MuleSoft Anypoint Platform and IPC.
Another initiatives which are planned now for this current financial is, one is omnichannel. The second is cash management services. Third is supply chain finance, robotic process automation, digital marketing solution, Forex card and prepaid card solution, document management system that is already going on now. It will be completed this year. E-note facility to move to remove the paper from the system. Identity and access management for cybersecurity. Centralized log management system. Now we have planned to convert our call center, which we implemented two years back, to call center as a profit center. That Project Parivartan phase two has been launched. Centralized monitoring and system has been implemented for the credit loan sanctioned through EDCAM portal.
Transformation management vertical has been set up with a widened scope, and it will be headed by a GM level now. In WhatsApp banking, additional services will be implemented. Cybersecurity vault near DR at Kolkata is another pipeline. CASA back office and centralized Forex processing center is another project which we are aiming now. All these are getting implemented now in this year, planning year, this year. With regard to IT budget, with last year, we have kept a budget of around INR 1,100 crore. Around INR 900 crore has been spent. This year also more than INR 1,000 crore budget has been approved by the board for the current financial year. The spend for the last three years is around, in 2023, 2024 it was INR 56 crore- INR 76 crore.
In FY 2024- FY 2025 it was INR 642 crore, and FY 2025- FY 2026 it is INR 899 crore. Every year we are increasing the spend also to bring more and more advanced technologies into the system. This is all about the overall performance of the bank, and now we are open for the question-and- answer session with-
Thank you.
Over to you.
We'll start. Thank you, sir. We'll start the Q&A. Those who have any question, please raise your hand. We have first question from the line of Ashok Ajmera. Please go ahead. Mr. Ajmera, please go ahead. Your line have been unmuted.
Can you hear me, sir?
Yes, please. Yes, please, Ajmera Ji.
Sir, compliments to you and the entire team, sir, for fantastic results. In fact, you have surpassed on almost every parameter and the kind of growth which you have given, especially in the credit growth is phenomenal, 19.44%. Even in this quarter itself, it is almost about, I think, 8%, the credit growth. Overall business growth is also good, deposit growth is also good, and everything is beyond the targets. You have achieved those results.
Sir, what I see basically is that if I look at the guidance given for 2026, 2027, sir, it seems that either some geopolitical situation is there in your mind or the impact of this West Asia war, maybe going forward, you are anticipating that you may not have the kind of growth which otherwise you could have achieved. My first point, first question is on that only, sir, that I want to hear your views on this current situation and going forward, how the bank is taking it. Like in the first quarter , will there be some major impact you are expecting?
Though if I look at the SMA numbers, in fact, your SMA 2 of the high of the last quarter is some part of it is shifted to SMA 1, so that's a better thing to happen. The SMA 1 has gone up from INR 260 crore to INR 651 crore. Overall SMA numbers are under control. Have you already started seeing some kind of stress, especially small businesses and MSME, who do not have the deeper pockets, due to this West Asia war and the other geopolitical situation? How do you plan to deal with it, sir?
Thank you, Ashok Ajmera Ji. First, let me talk about guidance, which you have apprehended that because of this West Asia crisis, probably we have toned down the guidance. Let me make it very clear that if you look at our guidance for the last three years, our guidance is in this range only, and our achievement has always been surpassing the guidance. Last year also, our guidance was 12%-14% of credit growth. This year also, 12%-14%, and next year also we are planning 12%-14% guidance we have given. If you look at our achievement for the last three financial years, for 2023-24, our credit growth was around 16%. 2024-2025, our credit growth was around 17.72%.
This year, our credit growth is 19.44%. The guidance was 12%-14% all three years, but achievement was much more than the guidance. Similarly, guidance continues to be in the same range, looking at all scenarios. I am sure, the way we have rebuilt the organization, we will be surpassing the guidance with a good number in this financial year also, not only in credit, but in other parameters also. If you look at our NIM also, if you look at our credit cost also, our slippage control also, which used to be 1.7%, 1.75% three years back. Now it has come down to less than 1%, less than 1%.
Now we have toned down our guidance from 1.1%-1.25% previous year to 1%, less than 1% this year. Accordingly, net NPA, gross NPA guidance has been toned down. There is no such thing that because of this temporary crisis, we have shifted our guidance downwards, number one. Number two, coming to any impact of the current situation, please, I would like to request you to look at our SMA numbers also. Consistently, our SMA numbers are under control and you know that every quarter we declare our SMA numbers more than INR 1 crore. Generally, there is a tendency of declaring more than INR 5 crore, but we declare more than INR 1 crore.
More than INR 1 crore SMA numbers including zero, one, two, put together is 0.45% of standard advances. Whereas SMA two is less and SMA one is higher. I just wanted to request you to because this is this financial year February month impact is there. Every financial year February month is. SMA two is 60 days, but here in February 28 days and January, March is 31 days.
Yeah.
59. Certain accounts which could have been in SMA 2 are figuring in SMA 1. It's not that SMA 1 has jumped like that from somewhere else. But overall SMA remains the same, only bucket shifting is there. Maybe next month we'll have slightly higher SMA 2 and lower SMA 1. That transition will continue. This financial year, because of the 28th February, 28 days, that SMA 2 number is slightly low. SMA 1 is high because of 59 days impact. This is about whatever you have asked. Thank you.
Sir, one phenomenon which we are seeing in some of the other banks is that whenever there is a good profit or, you know, the condition is better, the results are better, they have started providing some amount on the standard asset only, extra more than the IRAC, so in our bank, here I think the provision has rather gone down. So are you not anticipating any kind of those unexpected kind or that ECL or other impact? Or even in case of the wage also, I see that the wage is, I mean, the salary is gone down. I mean, employee cost has gone down to INR 182 crore as compared to INR 278 crore in the last quarter.
Whether the revised labor code or anything is not impacting you, how are you dealing with those unexpected or unforeseen circumstances without creating some kind of a buffer, or do you have any buffer already?
See, Ajmera Ji, last year quarter, I think we have declared that buffer of INR 700 crore and-
INR 20 crore.
INR 720 crore ECL provision last quarter. This quarter, we have made a provision of INR 318 crore. ECL provision held as on this quarter is INR 1,038 crore plus INR 341 crore contingency provision is also made. If we take both them together, it's more than INR 1,400 crore is already available towards ECL. Along with that, during COVID times, we made INR 530 crore of provision for COVID-19 provision, so that is also available. All three put together, today we are holding around INR 1,900 crore of additional provision as a buffer towards our ECL framework, which may trigger that time when we are to shift to that. INR 1,900 crore of buffer is there. Now, coming to the wage part.
See, last year we made an additional provision of INR 260 crore towards our PLI, the previous financial year.
Mm-hmm. Mm-hmm.
Whereas the actual payment is around INR 100 crore only this year. We are still carrying 160 crore of provision for the next financial year. Last year we made additional provision which we are not required to make this year. On that account, our wage or the employee cost is slightly down because previous year, INR 250 crore of additional provision was made because on PLI factor, which was being talked about for enhanced PLI to scale four and above employees, which could not be paid this year because of certain reasons. Now maybe next year it will be paid. We have not reversed that provision. We have continued the remaining provision of 160 crore in this financial year.
Sir, this, you already got the board approval for the QIP. What are the plans in the immediate future with this present share price? I mean, the market somehow is not may not be understanding the, I mean, the kind of the result which you have declared or the kind of the strength which you have. Even that provision numbers also, I wanted to hear from your mouth only that such a, like when you have a cushion of INR 1,900 crore. So at this price, would you like to come out within this quarter with any. Do you have any plan for that capital?
This quarter we don't have any plans. We'll be going to put up the AGM for the approval. First, we'll get the approval of the shareholders, and thereafter we'll, at the right opportune time, when the share market also supports, that time we will go for the QIP. That time we'll not in the immediate this quarter.
Just last in this round, sir, is on the credit front only. Because as you narrated for the last three years, it has been, you know, 15%, 17.5%, and now 19.5%-20%. Going forward, I believe that in spite of even though the targets are very modest, you will be crossing that. Can I just know about our sanction pipeline or what kind of industry or businesses which we are from, where we are getting the business as far as the credit exposure? I can understand the overall ratio of the RAM and corporate. But within that, where do you see the scope for increasing further and maintaining this kind of momentum, this kind of a growth in the, I mean the credit growth going forward, sir?
We have around INR 14,000 crore of pipeline in the corporate segment currently, and we have certain sanctions also already in place. Because of the pricing issue, we are not able to disburse. We don't want credit growth in corporate segment at the cost of margins. That is the reason we are not growing corporate credit at below our expected price. That is one. The growth which is coming, or demand is coming from renewables also, data center also, smart metering also. There are a number of areas from where the growth is coming to us and even road projects also have started coming little bit.
A number of areas from where the growth is coming and there are many sunrise sectors where pricing is the biggest challenge where we would not like to compromise before entering into a deal.
Oh, okay, sir. Thank you, and all the best to you. If time permits, I will again come for further discussion, sir.
Most welcome.
Okay. Kamble sir, Saboo sir and sir, all the best.
Okay, thank you. Participant, please raise your hand for the question. Next question is from the line of Sumit Choksey. Please go ahead.
Yeah. Hi, sir. Am I audible?
Yes, yes, please go ahead.
Yeah, yeah. Firstly, sir, congratulations to you and entire team UCO.
Thank you.
... on a very good set of numbers. Sir, I have a few questions, I'll just go about them. Firstly, we've seen a good healthy deposit growth on Q-on-Q basis, around 6%. How do you view the same growth, sir, you know, going forward because if there's a slight rebound even in capital markets, do you see this sticky deposit growth staying intact? Secondly, what we've noticed is, from, you know, particularly last quarter to this quarter, our lending split, I think we've cut quite a few larger checks to more AAA rated corporates, I think particularly on the PSU side. Incrementally, sir, how has the yield been on that book? And would you view that if we were to lend more in the AA bracket, would our yield be slightly better?
Is that how we are looking at, you know, maintaining a very competitive yield while hedging risk, or how is our view on that? I'll ask these two, sir, first, then I'll go forward with the rest of the questions.
Thank you, Sumit. First let me talk about your deposit. See, earlier, we were not focusing on deposit because our CD ratio was quite low. What now we have reached a CD ratio of around 80%, our target was 74%-77%. That is the reason we focused more on the deposits also. While focusing on the deposit, we have not stopped chasing CASA. If you look at our CASA, in spite of our deposit growth of 6% in this current quarter, last quarter, our CASA ratio continued to be in the range of thirty-seven to thirty-eight. Rather, it has improved by 74 basis points on a year-over-year basis. Our focus while raising deposit is on the retail franchise more than the bulk deposit.
Going forward also, when we have to support the growth, deposit concentration will continue to have a focus on the retail term deposit and savings and current, to some extent in our bulk deposit also. Overall, we have a target of bulk deposit to total deposit percentage, so we always continue to monitor and maintain our total bulk deposit within that ratio only. That is on the deposit front. As far as AAA rated is concerned, if you look at our balance sheet, although this quarter we have increased exposure in the AAA rated and PSU, and same trend was there in the last year also.
In between there was demand from the PSUs was at a lower price, so that time we were not comfortable in lending to them. Slightly improved pricing was there, so we gave them the credit. Last year also, March 25, around 33% was in AAA rated. Now also it is 33% only. AA is 29%, and now it is 26%. Nevertheless, whenever there is a better opportunity, we will be continuing to lend to AA and A rated accounts also, in addition to AAA rated accounts also. Yeah.
Yeah, sir. Thank you. Sir, now, you know, if we see in our digital side, we've seen some very good traction, particularly in mB anking. You touched upon it even in your opening comments. Sir, you know, I think it's very heartening to see. Sir, so on this front, any new digital initiatives we are working on, particularly, you know, for younger customers, who tend to be, you know, high volume transactors on UPI and, you know, possibly are new to credit as well? Sir, and, secondly, one more question was in retail loans, which products are covered under the others category? I mean, it's 25% of your overall retail loans, it's seen a 40% year-on-year growth. So looking at that, can you just elaborate on this?
How is the demand of vehicle loans in the current quarter? Because that, again, that book has also seen good traction.
See, so far as the one is about digital, you talked about digital. We have revamped our entire digital journey, and last year, on sixth January 2025, we launched our digital project, that is digital transformation project, Parivartan. Since then we have been launching journeys for our customers. Till now, 31 journeys have already been launched across retail, MSME, agri and liability products. Total INR 25,000 crore of digital business has been booked, of which INR 11,000 crore is advances and INR 14,000 crore is liabilities. For the ease of young customers, I can tell you that digital FDR currently happening in our bank is more than 50% FD is being made digitally by our customers through mobile banking app.
More than 50% loan against FD is also happening digitally by our customers. Our STP journey of our car loan has been well accepted and more than 50% car loans daily are happening through digital journey. MSME journeys we have launched GST Smart Finance, MSME Smart Finance, that is also very well accepted and good amount of business is happening in the MSME segment also through the digital journeys. For the ease of our young customers, we have revamped our entire UI, UX of our mobile app, and you can see that our mobile app rating continues to be in the range of 4.7-4.8 amongst all public and peer private sector banks. It is one of the best ratings I will rate.
On Apple Store also it is 4.6. That clearly tells that our app is well accepted in the market. Further to enhance our reach to our new generation customers, now we are bringing omnichannel experience also. Maybe this year our omnichannel mobile banking will be available, where it will be more interactive, more convenient for our customers. Second is retail. In retail, the other portfolio is
Sorry
Includes our co-lending. A small portion is that, and that's not a huge. Mainly is gold and staff loans. Gold loan portfolio out of that is around INR 5,400 crores. The growth which we are seeing in the other portfolio is mainly coming from the gold loan portfolio.
Okay. Understood. One final question. Now.
One more thing.
Yes, ma'am. Yes.
Sumit, one more question.
Sure, sure.
More than 250,000 customers have been given loan digitally last financial year. More than 250,000 customers have been sanctioned loan digitally last financial year.
No, sir, of course, that's great to see because it's reflecting in your mBanking numbers, which I think you'll have put a good slide in the presentation as well.
Yes.
Sir, one final question from my side. Sir, you know, to which external benchmark rate would we have linked our loans? Could you just shed some light on that?
Mainly is repo linked rate around more than I think 60%.
Repo, 60%. Right
65%.
65. MCLR to-
65% of our portfolio is linked to repo because if you look at our retail and MSME that itself is huge portfolio. RAM is 65%. Retail and MSME itself is a good around INR 1 lakh more than I think INR 66,000-INR 68,000 is our retail and INR 46,000 is our MSME.
MSME.
To both put together is under INR 1,16,000 crore. More than 50% portfolio is in that segment itself. 65%, because in some of the corporates also, they have short-term loans linked to repo rate. In the corporate book, though they are sanctioned at MCLR, but short term when they have to take WCDL, they take repo-linked rate.
Understood. Sir, thank you so much for answering my questions and best wishes to team UCO for the next fiscal.
Thank you.
Thank you.
Thank you. We'll take the next question from the line of Hriday Choksey. Please go ahead.
Congratulations to team UCO, Ashwani sir, Saboo sir, Kamble sir, on a great set of numbers, sir. Again, I think our performance has been just growing year-over-year and kudos to the whole team. A couple of questions. On our cost to income ratio, so we've shown a good decline this year, down from 56.99% to about 52.92%. We've seen a significant drop for a second year running. Can you just speak about your initiatives on that front? Just one specific thing then, the last quarter we've seen a 45 basis points increase also. If you can specifically speak on the cost to income bit first.
On cost to income front, we have taken lot of initiatives right from, I think, last two, three years we are working very closely monitoring our cost to income ratio. There are two components. One is to control the cost, controllable cost. Non-controllable, you can't control. Controllable cost, how can you control? How can you improve your fee-based income? If you look at our fee-based income has been growing on a quarter-on-quarter basis and YOY basis also. Fee-based income, our growth during this financial year is around, I think, 32%.
32.
Huh?
32%.
32%.
32% on quarter basis.
On a quarter-over-quarter basis. On a year-over-year basis it is 25%. One is we are working on fee-based income. Second, our control on the cost also, we have been very particular about the budget given to the field. Our teams monitor the expenditure against the budget. Various cost control measures have also been implemented. If you look at our total operating expenses has also come down from the previous quarter to this quarter. These are the things which we are continuously monitoring. Second thing, if you look at our previous year, our cost income ratio was high. At that time also, our recovery from the written-off accounts was very high. That was around, say, INR 2,400 or INR 2,500 crores. This year it is around INR 2,130 crores.
Mm-hmm.
In spite of that, we are able to reduce our cost to income, cost to income ratio. Every effort is being made to improve on income, fee-based income, and also to reduce our controllable cost. That these measures will continue in this financial year also.
Hriday, any follow-up question?
No question. Thank you for that. Sir, now if I look at our segmental NPA book, within personal loans, sir, if you see, there's been a slight uptick in this quarter. Any specific reason?
See, I think there's a very small uptick. It's not substantial. Against INR 2,700 crore of book, our NPA is only INR 39 crore. Yes, last quarter it was INR 31 crore, but this is INR 39 crore. Maybe because of some reasons it will be there, but there is no specific reason. It is hardly 1.43% in personal loan book. That's not a worried factor for us.
Sir, now last question, which is so on the future vision, like your broader vision for the bank for the next few years. How we've
We've significantly improved our ROAs and our performance last few years, and now we're ending the year somewhere around 0.8%. What are the steps we are undertaking to build towards a 1% ROA franchise?
See, to build on ROA, we need to improve our net interest margin. We need to continue to focus on our CASA growth also and our NI improvement also. There are a number of parameters where we are working. We need to work on our TW recovery also. A lot of initiatives are being taken. We have reached 0.87%. If you look at the last so many quarters, every quarter there is improvement in our ROA. The same trend is expected to continue in the next financial year. I believe that by the end of next financial year, we should be nearing 0.95%-1% ROA levels.
Thank you. There is a question in the chat box. How do you see the impact of the ongoing West Asia war in your MSME portfolio? And what percentage of your MSME portfolio covered under CGTMSE?
See, in the current scenario, we have not yet seen any major impact currently. If you look at our slippages, they are in tandem with the previous quarter from the MSME segment. There is no sharp surge in slippages, number one. Number two, if you look at our SMA book also, within the overall SMA book, the SME SMA book, that is also in the same trend as the earlier quarters. I don't foresee any major impact. There can be some impact, but it's not going to be a very major impact in the next financial year. To counter those contingencies, in case if at all, we have built already INR 341 crore of additional buffer by way of a provision in our standard book.
That will take care of all the requirement going forward. Around 40% of our advances are covered under CGTMSE.
Thank you, sir. The next question is that what is your total AFS reserves as on FY 2026, March 2026?
AFS reserves. Give me a second. I'll tell you.
-48.
It's -INR 140 crore. It's -INR 140 crore. -INR 140 crore.
Okay. Thank you, sir. The next follow-up question is from the line of Ashok Ajmera. Please go ahead.
Hi. Thanks for giving the opportunity again. Sir, I would like to have some of your views or clarity on the treasury operation, because the treasury has not contributed, you know, this time into the profits or rather it's negative only. If you look at the segment-wise results, the treasury operations are showing INR 848 crore of profit as compared to INR 557 crore. In segment-wise, is there any, like, some part of this other than the treasury things have gone into that? Or, how do we see the treasury performing in the now coming financial year, in this current quarter and the remaining 3 quarters?
See, Ajmera, if you talk about treasury, you know all, you know that a treasury is a play of your yields. Last quarter yields pumped up and it was more than 7% for a long period of time at the quarter, and also as a result, there was MTM on AFS book also and HFT book also. That has impacted little bit, not only to our bank, but to other banks also.
Yes. Yes.
Fortunately, our bank, we had very slight impact on our P&L because our treasury, I think had a profit of around INR 130 crore last quarter, but this quarter it was a minus 12-
16.
INR -16 crore only.
Yes, sir.
For our AFS book, INR 135 crore of the negative impact was MTM there. Now by the way the yields have now moved down, so it's ranging in the range of, I think, 6.95%-6.98%. Already some of the provisions or the losses which were booked in March, they have already been reversed if we take MTM today. Going forward, I think the way the liquidity market is behaving today, the way the things are shaping out, once the stability in the overall global environment is achieved, I think there will be a good amount of treasury traction in this financial year.
Yeah.
Again, it is subject to the global stability in the environment.
Sir, any clarification on the segment-wise?
Yeah.
Figures, numbers, sir?
I'll give you separately. I have-
Okay, sir. No problem. I'll take it offline, sir. Okay, sir. Thank you very much, sir. Thank you.
Thank you, sir.
Thank you. There is a question in the chat box. What is your total gold loan portfolio as on date, Agri and non-Agri? And what is the weighted average yields for this?
The gold loan portfolio in the Retail segment is around INR 5,400, and in Agri it is around INR 12,000.
200.
Put together, I think INR 18,000 crore is our total gold loan portfolio as on date. Yield will be around, I think, it should be around 8.5%-9%. I'm not having the exact number, but it should be around 8.5%-9%.
Okay. Thank you, sir. Participants, those who have any question, please raise your hand. As there is no further question, I hand over the call to MD sir for his opening remark or closing remarks.
Thank you. Thank you to all the analysts and investors for taking the time attending the conference call, earnings call of our UCO Bank for the financial year 2025-2026. We look forward to your continued support in the next financial year. Whatever guidance you have given, it will be our team's endeavor to deliver on the same as we have been delivering for the last 3 years. Thank you very much.
Thank you. That concludes the UCO Bank Q4 FY 2026 earnings conference call. Thank you.