uco bank - Latest News, Analysis, Opinion

Companies & Markets Markets

After days of gloom, the stock market finally saw some good news on Monday. The Christmas cheer seemed to have worked on Monday, and it is expected to continue on Tuesday as well

UCO, Yes Bank In Talks With Russia For Finalising Trade Mechanism

Economy

Earlier the news agency had reported that large lenders are reluctant to process trade transactions in the rupee with Russia due to fear of getting targeted by sanctions. India is hence, counting on smaller banks like UCO and Yes Bank

UCO Bank Gets Nod To Raise Equity Capital By Issuing Up To 1 Bn Shares

The bank would raise equity capital at appropriate time in the current fiscal to support growth, according to a regulatory filing on Tuesday

UCO Bank Q4 Net Profit Jumps Over 3-fold To Rs 312 Cr As Bad Loans Fall

State-owned UCO Bank on Friday posted an over three-fold jump in net profit at Rs 312.18 crore for the quarter ended March 2022 as a fall in bad loans lowered the provisioning requirement

UCO Bank Reports Multi-fold Jump In Q2 Profit At Rs 205 Cr

Companies & Markets

The bank improved on its bad assets significantly as gross non-performing assets (NPAs) fell to 8.98 per cent at the end of September 2021 quarter from 11.62 per cent by the same period of 2020.

UCO Bank Removed From RBI's Prompt Corrective Action

On a review of the performance of the UCO Bank, the Board for Financial Supervision on the basis of the published financial results for 2020-21 found that the bank was not in breach of the PCA parameter

UCO Bank Net Profit Jumps Over 4-Fold To Rs 102 Cr In Q1

Interest income during the quarter fell 2.5 per cent to Rs 3,569.57 crore, while income from other sources rose 25.3 per cent to Rs 969.51 crore.

UCO Bank Extends Rs 127 Cr Relief To 2k Borrowers Under Recast Scheme 2.0

The UCO Bank statement said borrowers are being contacted to ascertain the impact of the second wave of COVID-19 for providing the relief in terms of RBI guidelines.

UCO Bank Mar Qtr Net Profit Jumps About Five-Folds To Rs 80 Crore

Total income in Q4 FY21 increased to Rs 4,936.75 crore, up by 9.4 per cent from Rs 4,511.21 crore in the same quarter of FY20, the bank said in a regulatory filing.

2,118 Branches Of State-run Banks Closed Or Merged In Last Fiscal: RTI Reply

The highest number of 1,283 branches of Bank of Baroda were either closed or merged, according to information provided to an RTI query filed by Neemuch-based activist Chandrashekhar Gaud.

UCO Bank Gets Shareholders' Nod For Preference Issue To Govt, Offsetting Accumulated Losses

The shareholders have approved issuance of 203,76,17,554 equity shares at an issue price of Rs 12.76 per equity share aggregating to Rs 2,600 crore on preferential basis to Government of India

Shares Of Four Public Sector Banks Jump Up To 10 % After Capital Infusion

Companies & Markets

The capital infusion will help these banks to come out of the Reserve Bank of India's prompt corrective action framework.

UCO Bank Reports Q3 Net Profit Of Rs 35.44 Cr