
UCO Bank reported more than two-fold jump in profit at Rs 653 crore for the quarter ended December 2022, driven…
Operating profit saw a 10.82% decline as the lender took a hit on treasury income, which led to a 16.68%…
Domestic revenues of the bank during the second quarter stood at Rs 4,794.76 crore while international revenues stood at Rs…
The Kolkata-based lender was among the first banks to receive the regulator’s approval following the RBI’s decision to promote Rupee…
The bank’s net profit for the year-ago period stood at Rs 101.81.
Earlier this month, Punjab & Sind Bank got board approval to raise equity capital worth Rs 4,600 crore by issuing…
Soma Sankara Prasad, MD & CEO, told FE that the bank is expecting cash recovery of Rs 400 crore and…
During Q3, gross NPA as a percentage of total loans fell 98 bps sequentially to 8% from 8.98%.
Nifty futures turned positive and were trading 24 points or 0.14 per cent up at 16,692 on the Singaporean Exchange,…
The RBI had initiated PCA for the Kolkata-based lender in May 2017 in view of high non-performing assets and negative…
“I don’t foresee any hurdle and remain hopeful that we will get the regulators’ approval to come out of PCA,”…
Talking to FE, MD & CEO AK Goel attributed the sharp rise in the net profit to significant rise in…
The fundraise can take place through various modes, such as follow on public offer (FPO), qualified institutional placement (QIP) and…
Nifty futures were trading at 14,856, up 110 points or 0.75 per cent, on Singaporean Exchange, suggesting a gap-up opening…
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…
Bad loan mounts: Five public sector banks such as Bank of Baroda, UCO Bank, Central Bank of India, Allahabad Bank…
Bad loans situation worsens: As many as five public sector banks led by Bank of Baroda (BoB) on Friday reported…
UCO Bank reported a fourth-quarter net loss of Rs 17.15 billion ($257 million) as its provisions for bad loans surged.
State-run Uco Bank, which leads a consortium of lenders to Basmati rice exporter REI Agro, has filed a recovery suit…
Public sector lender Uco Bank has reported a 50.87% y-o-y jump in net profit to Rs 156.20 crore for the…
Uco Bank on Saturday reported 50.87% year-on-year jump in its net profit to Rs 156.20 crore for the quarter ended…
UCO Bank on Wednesday cut its base rate by 25 basis points to 9.70%, effective from October 5.
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