The RBI had initiated PCA for the Kolkata-based lender in May 2017 in view of high non-performing assets and negative return on assets. In the last financial year, the bank posted a full-year net profit of Rs 167.04 crore as
"I don’t foresee any hurdle and remain hopeful that we will get the regulators’ approval to come out of PCA," UCO bank managing director and CEO A K Goel told PTI when asked about the issue of the latest capital infusion
The fundraise can take place through various modes, such as follow on public offer (FPO), qualified institutional placement (QIP) and preferential issue, subject to necessary approvals from shareholders, government, RBI and S
Bad loan mounts: Five public sector banks such as Bank of Baroda, UCO Bank, Central Bank of India, Allahabad Bank and Dena Bank on Friday registered a combined net loss of over Rs 6,700 crore for the quarter ended March 2016
State-run Uco Bank, which leads a consortium of lenders to Basmati rice exporter REI Agro, has filed a recovery suit in the debt-recovery tribunal (DRT) on behalf of the group banksto recover unpaid debt.