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 a 16.26% y-o-y growth to Rs 864.38 crore.
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
Bad loans situation worsens: As many as five public sector banks led by Bank of Baroda (BoB) on Friday reported a combined loss of Rs 6,751 crore for the three months to 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.
State-run UCO Bank on Saturday announced that its net profit for the quarter ended June 30 more than halved to Rs 256.70 crore from Rs 521.40 for the year-ago period...
State-owned UCO Bank today reported a 50.76 per cent decline in net profit at Rs 256.70 crore for the first quarter ended June 30, on account of higher provisioning for bad loans.