Page 2 of UCO Bank

“We had to make a provision of Rs 653 crore as the mark-to-market in this quarter. So, that impacted our other income,” MD & CEO Soma Sankara Prasad told reporters after announcing the results.

UCO Bank net profit rises 21% to Rs 124 crore

The bank’s net profit for the year-ago period stood at Rs 101.81.

August 6, 2022 02:45 IST

Centre to provide capital support mostly to weak public sector banks

Earlier this month, Punjab & Sind Bank got board approval to raise equity capital worth Rs 4,600 crore by issuing…

February 27, 2022 15:15 IST

Significantly, lenders to Future Retail have started classifying loans to the retailer as NPAs after the company missed payments to the banks.

UCO Bank eyeing Rs 600-crore bad loans recovery in Q4: Soma Sankara Prasad, MD & CEO

Soma Sankara Prasad, MD & CEO, told FE that the bank is expecting cash recovery of Rs 400 crore and…

February 18, 2022 01:00 IST

The lender had registered Rs 205.39-crore net profit for the second quarter of this fiscal.

UCO Bank Q3 net profit jumps nine-fold to Rs 310.39 crore

During Q3, gross NPA as a percentage of total loans fell 98 bps sequentially to 8% from 8.98%.

February 1, 2022 02:45 IST

Infosys, ONGC, SAIL, SpiceJet, PNB, UCO Bank, Bank of Maharashtra stocks in focus

Nifty futures turned positive and were trading 24 points or 0.14 per cent up at 16,692 on the Singaporean Exchange,…

August 27, 2021 08:56 IST

UCO Bank stock was trading 0.95 per cent down at Rs 14.54 on BSE.

UCO Bank again urges Reserve Bank of India to consider taking it out of PCA

The RBI had initiated PCA for the Kolkata-based lender in May 2017 in view of high non-performing assets and negative…

June 8, 2021 03:30 IST

Hopeful to come out of PCA framework very soon: UCO Bank MD

“I don’t foresee any hurdle and remain hopeful that we will get the regulators’ approval to come out of PCA,”…

June 7, 2021 21:53 IST

UCO Bank Q4 net jumps nearly fivefold to Rs 80 crore

Talking to FE, MD & CEO AK Goel attributed the sharp rise in the net profit to significant rise in…

May 28, 2021 03:15 IST

UCO Bank gets board nod for Rs 3,000-crore equity capital raise in FY22; posts Q4 net profit of Rs 80 crore

The fundraise can take place through various modes, such as follow on public offer (FPO), qualified institutional placement (QIP) and…

May 27, 2021 21:37 IST

Stocks in focus: Indian Overseas Bank, Future Enterprises, Central Bank, UCO Bank, Axis Bank, Adani Green, HAL

Nifty futures were trading at 14,856, up 110 points or 0.75 per cent, on Singaporean Exchange, suggesting a gap-up opening…

April 1, 2021 08:50 IST

The lender, which is still under the Reserve Bank of India's PCA framework, had posted a net profit of Rs 30.12 crore for the second quarter.

UCO Bank posts Rs 35-crore net profit in Q3, provisions fall 76%

Net interest income (NII) rose 13.79% y-o-y to Rs 1,407.16 crore, compared to Rs 1,236.59 crore, while non-interest income saw…

January 26, 2021 01:15 IST

5 PSU banks post Rs 6,751-cr loss in Q4 on bad loans, should you invest?

Bad loan mounts: Five public sector banks such as Bank of Baroda, UCO Bank, Central Bank of India, Allahabad Bank…

Updated: May 16, 2016 11:39 IST

Banks bad loans, BoB, Central Bank of india, Allahabad Bank, Dena Bank

5 banks led by Bank of Baroda post Rs 6,751-crore loss as bad loans mount

Bad loans situation worsens: As many as five public sector banks led by Bank of Baroda (BoB) on Friday reported…

May 16, 2016 10:25 IST

UCO Bank posts $257 mn Q4 loss as bad loans surge

UCO Bank reported a fourth-quarter net loss of Rs 17.15 billion ($257 million) as its provisions for bad loans surged.

May 13, 2016 14:16 IST

Uco Bank files recovery suit in DRT against REI Agro

State-run Uco Bank, which leads a consortium of lenders to Basmati rice exporter REI Agro, has filed a recovery suit…

Updated: November 21, 2015 01:23 IST

Uco Bank net jumps 50.9% to Rs 156 crore on treasury gains, dip in provisioning

Public sector lender Uco Bank has reported a 50.87% y-o-y jump in net profit to Rs 156.20 crore for the…

November 10, 2015 00:20 IST

UCO Bank Q2 profit surges 51% to Rs 156 crore

Uco Bank on Saturday reported 50.87% year-on-year jump in its net profit to Rs 156.20 crore for the quarter ended…

Updated: November 8, 2015 00:45 IST

UCO Bank cuts rates with eye on increasing profits

UCO Bank on Wednesday cut its base rate by 25 basis points to 9.70%, effective from October 5.

September 30, 2015 15:18 IST

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