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  • UCO Bank reports Rs 30 crore net profit for September quarter, brings down bad loans significantly Oct 22, 2020 08:13 PM IST

    UCO Bank reports Rs 30 crore net profit for September quarter, brings down bad loans significantly

    In absolute value, the gross NPAs were down at Rs 13,365.74 crore as against Rs 25,665.14 crore.

  • Centre keen to speed up stake sale in four PSU banks Aug 18, 2020 03:50 PM IST

    Centre keen to speed up stake sale in four PSU banks

    The sources said the four lenders are Punjab & Sind Bank, Bank of Maharashtra, UCO Bank and IDBI Bank, in which the Indian government owns majority stakes through direct and indirect holdings.

  • UCO Bank Standalone June 2020 Net Interest Income (NII) at Rs 1,266.78 crore, down  5.11% Y-o-Y Aug 03, 2020 09:22 AM IST

    UCO Bank Standalone June 2020 Net Interest Income (NII) at Rs 1,266.78 crore, down 5.11% Y-o-Y

  • UCO Bank ready to come out of PCA framework: Official Aug 01, 2020 02:07 PM IST

    UCO Bank ready to come out of PCA framework: Official

    In May 2017, the central bank had initiated PCA against the lender due to high non-performing assets and negative return on assets.

  • UCO Bank posts Q1 net profit of Rs 21.5 crore Jul 31, 2020 07:10 PM IST

    UCO Bank posts Q1 net profit of Rs 21.5 crore

    The bank had registered a net loss of Rs 601.45 crore in the same quarter of the previous fiscal year. Quarter-on-quarter basis, UCO Bank had logged a profit of Rs 16.78 crore in the March quarter this year.

  • India plans to reduce number of state-owned banks to just 5 Jul 20, 2020 06:41 PM IST

    India plans to reduce number of state-owned banks to just 5

    The first part of the plan would be to sell majority stakes in Bank of India, Central Bank of India, Indian Overseas Bank, UCO Bank, Bank of Maharashtra and Punjab & Sind Bank, leading to an effective privatisation of these state-owned lenders, a government official said.

  • UCO Bank 'redesigns' strategies to align with 'Aatmanirbhar Bharat'; to focus on agriculture, MSME lending Jul 17, 2020 06:00 PM IST

    UCO Bank 'redesigns' strategies to align with 'Aatmanirbhar Bharat'; to focus on agriculture, MSME lending

    In its 2019-20 annual report, the bank said it is expecting the various technological initiatives for customer convenience to yield "good results" in coming months.

  • UCO Bank Standalone March 2020 Net Interest Income (NII) at Rs 1,254.52 crore, down  2.9% Y-o-Y Jun 29, 2020 09:22 AM IST

    UCO Bank Standalone March 2020 Net Interest Income (NII) at Rs 1,254.52 crore, down 2.9% Y-o-Y

  • UCO Bank back in the black after 17 quarters, Q4 net profit at Rs 16.78 crore Jun 26, 2020 04:24 PM IST

    UCO Bank back in the black after 17 quarters, Q4 net profit at Rs 16.78 crore

    Income during the March quarter increased to 4,511.21 crore, from Rs 4,148.52 crore in same period of preceding fiscal, UCO Bank said in a regulatory filing.

  • UCO Bank reduces repo-based lending rate by 40 bps May 29, 2020 10:55 PM IST

    UCO Bank reduces repo-based lending rate by 40 bps

    "We have slashed the repo based lending rate - UCO Float by 0.40 percent to 6.90 percent from 7.30 percent, effective from May 27," the bank said in a late night statement.

  • UCO Bank slashes lending rate by 40 basis points May 27, 2020 10:32 PM IST

    UCO Bank slashes lending rate by 40 basis points

    The government expects banks to reduce lending rates, which is required to kick start the economy hit hard by the coronavirus-forced lockdown, among other factors.

  • RBI slaps Rs 5 lakh fine on UCO Bank for violating govt bond holding norms May 14, 2020 02:55 PM IST

    RBI slaps Rs 5 lakh fine on UCO Bank for violating govt bond holding norms

    A subsidiary general ledger (SGL) account is maintained with the RBI for holding government securities and treasury bills in paperless form. The account is used for facilitating delivery and payment trades.

  • UCO Bank aiming to come out of the RBI's PCA framework Feb 18, 2020 09:59 PM IST

    UCO Bank aiming to come out of the RBI's PCA framework

    The PCA framework poses a slew of restrictions, including caps on lending by banks.

  • UCO Bank Q3 net loss narrows marginally to Rs 960cr as bad loans remain elevated Feb 06, 2020 09:15 PM IST

    UCO Bank Q3 net loss narrows marginally to Rs 960cr as bad loans remain elevated

    Total income during the third quarter of 2019-20, however, rose to Rs 4,514.21 crore as against Rs 3,585.56 crore earlier, UCO Bank said in a regulatory filing.

  • UCO cuts MCLR by 10 basis points across tenors Dec 10, 2019 05:06 PM IST

    UCO cuts MCLR by 10 basis points across tenors

    The revised one-year MCLR now stands at 8.30 per cent, down from the existing 8.40 per cent, the state-run lender said in a release.

  • UCO Bank MD says FY20 to be turnaround year for bank; stock at 4-month high Nov 20, 2019 11:45 AM IST

    UCO Bank MD says FY20 to be turnaround year for bank; stock at 4-month high

    Hectic buying was seen on UCO Bank’s stock which surged limit up 20 percent for the second day in a row on record volumes.

  • Confident of coming out of RBI's PCA framework by March next year, says UCO Bank CMD Aug 18, 2019 05:25 PM IST

    Confident of coming out of RBI's PCA framework by March next year, says UCO Bank CMD

    The Reserve Bank of India's PCA framework kicks in when banks breach any of the four key regulatory trigger points, namely capital-to-risk weighted assets ratio, net non-performing assets, return on assets (profitability), and leverage ratio.

  • UCO Bank approaches LIC for equity infusion Aug 08, 2019 08:58 PM IST

    UCO Bank approaches LIC for equity infusion

    The state-owned company is looking to raise Rs 4,500- 5,000 crore in the current fiscal.

  • UCO Bank narrows net loss to Rs 601 crore in Q1 as bad loan provisioning falls Aug 08, 2019 06:40 PM IST

    UCO Bank narrows net loss to Rs 601 crore in Q1 as bad loan provisioning falls

    Its total income in the June 2019 quarter rose to Rs 4,446.61 crore as against Rs 4,360.88 crore in the year-ago quarter.

  • UCO Bank Standalone June 2019 Net Interest Income (NII) at Rs 1,334.97 crore, up  8.71% Y-o-Y Aug 08, 2019 05:55 PM IST

    UCO Bank Standalone June 2019 Net Interest Income (NII) at Rs 1,334.97 crore, up 8.71% Y-o-Y

  • NBCC as Amrapali homebuyers’ saviour sets a bad precedent Jul 29, 2019 11:50 AM IST

    NBCC as Amrapali homebuyers’ saviour sets a bad precedent

    The NBCC appointment has more questions than answers. It’s a throwback to SBI’s beast of burden role

  • Uco Bank sets recovery target of Rs 8000 cr from NPA in FY20 Jun 26, 2019 09:56 PM IST

    Uco Bank sets recovery target of Rs 8000 cr from NPA in FY20

    The bank has recovered Rs 1,163 crore so far from six accounts for which NCLT resolution was concluded.

  • UCO Bank Standalone March 2019 Net Interest Income (NII) at Rs 1,291.96 crore, up  59.92% Y-o-Y May 14, 2019 05:58 PM IST

    UCO Bank Standalone March 2019 Net Interest Income (NII) at Rs 1,291.96 crore, up 59.92% Y-o-Y

  • UCO Bank posts net loss of Rs 1,552 cr in March quarter; yearly loss at Rs 4,321 cr on higher NPAs May 14, 2019 04:58 PM IST

    UCO Bank posts net loss of Rs 1,552 cr in March quarter; yearly loss at Rs 4,321 cr on higher NPAs

    In full 2018-19, the total income moved up to Rs 15,844.14 crore as against Rs 15,141.13 crore.

  • UCO Bank surges 5% after Iran oil payment right grants Rs 14,000 crore bonanza Mar 27, 2019 01:10 PM IST

    UCO Bank surges 5% after Iran oil payment right grants Rs 14,000 crore bonanza

    At 1236 hrs, UCO Bank was quoting Rs 19.25, up 4.90 percent on the BSE.

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