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  • UCO Bank logs multi-fold jump in Q2 profit at Rs 205 crore Oct 28, 2021 04:21 PM IST

    UCO Bank logs multi-fold jump in Q2 profit at Rs 205 crore

    The Kolkata-headquartered public sector lender registered a net profit of Rs 30.12 crore in the year-ago period.

  • Soma Sankara Prasad likely to be next UCO Bank MD Oct 03, 2021 11:26 AM IST

    Soma Sankara Prasad likely to be next UCO Bank MD

    The Banks Board Bureau (BBB) has suggested the name of UCO Bank Managing Director Atul Kumar Goel for heading Punjab National Bank as MD. The managing director position of PNB will fall vacant after the superannuation of S S Mallikarjuna Rao in January.

  • Srei Group Crisis | Banks favour RBI-led DHFL-like resolution Oct 02, 2021 04:14 PM IST

    Srei Group Crisis | Banks favour RBI-led DHFL-like resolution

    Some banks also favour SREI board dissolution and appointment of RBI administrator. However, RBI's decision on the Srei Group resolution matter is awaited. In FY 2020, RBI audit flagged Rs 8,576 crore of probable related -party lending by Srei group.

  • SREI’s Rs 35,000-crore loan may be classified as NPA: Report Sep 13, 2021 09:27 AM IST

    SREI’s Rs 35,000-crore loan may be classified as NPA: Report

    In December 2020, the National Company Law Tribunal (NCLT) granted relief to SREI by directing banks and financial institutions to not take any coercive action against the company after it had approached the NCLT bench requesting moratorium on coupon payments and postponement of redemption dates until the merger is complete.

  • UCO Bank shares spike 16% after RBI lifts PCA restrictions, but experts say avoid Sep 09, 2021 01:41 PM IST

    UCO Bank shares spike 16% after RBI lifts PCA restrictions, but experts say avoid

    Santosh Meena of Swastika Investment says, technically, Rs 16 is a critical hurdle for the stock and only a decisive move above it can lead to a move towards Rs 20-22 levels.

  • Explainer| UCO Bank out of RBI’s PCA watchlist, lending curbs after 4 years. What is PCA all about? Sep 09, 2021 12:24 PM IST

    Explainer| UCO Bank out of RBI’s PCA watchlist, lending curbs after 4 years. What is PCA all about?

    After four years, the Reserve Bank of India (RBI) has finally let the Kolkata-based UCO Bank out of the prompt corrective action (PCA) list. The performance of the bank was reviewed by the Board for Financial Supervision and it was noted that, as per its published results for the year ended March 31, 2021, the bank is not in the breach of the PCA parameters.

  • RBI lifts PCA restrictions on UCO Bank Sep 08, 2021 07:05 PM IST

    RBI lifts PCA restrictions on UCO Bank

    UCO Bank has provided a written commitment that it would comply with the norms of minimum regulatory capital, net NPA and leverage ratio on an ongoing basis.

  • PNB MD and CEO Ch. S. S Mallikarjuna Rao's term extended till January 2022 Aug 26, 2021 03:12 PM IST

    PNB MD and CEO Ch. S. S Mallikarjuna Rao's term extended till January 2022

    Prior to his appointment as the MD and CEO of Punjab National Bank, Rao was the Managing Director and Chief Executive Officer in Allahabad Bank.

  • UCO Bank Standalone June 2021 Net Interest Income (NII) at Rs 1,460.23 crore, up  15.27% Y-o-Y Jul 27, 2021 07:11 PM IST

    UCO Bank Standalone June 2021 Net Interest Income (NII) at Rs 1,460.23 crore, up 15.27% Y-o-Y

  • UCO Bank net profit jumps over 4-fold to Rs 102 crore in Q1 Jul 27, 2021 03:46 PM IST

    UCO Bank net profit jumps over 4-fold to Rs 102 crore in Q1

    The bank had reported a net profit of Rs 21.46 crore in the same quarter of the previous fiscal. Sequentially, the net profit rose 27 per cent from Rs 80.03 crore in the March 2021 quarter.

  • UCO Bank share price jumps 5% on request to RBI to remove PCA tag Jun 08, 2021 09:56 AM IST

    UCO Bank share price jumps 5% on request to RBI to remove PCA tag

    The bank has been planning to make the request with the regulator for the removal of the PCA tag after it posted three successive quarters of profit in FY21, according to statements made earlier by AK Goel, MD & CEO, UCO Bank.

  • UCO Bank knocks on RBI’s door seeking removal of PCA tag Jun 07, 2021 06:09 PM IST

    UCO Bank knocks on RBI’s door seeking removal of PCA tag

    The Kolkata-based lender wrote to the regulator after its annual results for FY21 seeking removal of PCA tag.

  • UCO Bank allots over 203 crore preferential shares to govt for Rs 2,600 crore capital infusion May 28, 2021 10:14 PM IST

    UCO Bank allots over 203 crore preferential shares to govt for Rs 2,600 crore capital infusion

    The bank said its board has approved a proposal to raise up to Rs 3,000 crore equity capital in 2021-22 through various means including preferential issue, follow on public offer or qualified institutional placement.

  • UCO Bank gets board nod for Rs 3,000 crore equity capital raise in FY22; posts Q4 net profit of Rs 80 crore May 27, 2021 10:08 PM IST

    UCO Bank gets board nod for Rs 3,000 crore equity capital raise in FY22; posts Q4 net profit of Rs 80 crore

    For the full year 2020-21, UCO Bank reported a net profit of Rs 167.04 crore. There was a net loss of Rs 2,436.83 crore in 2019-20.

  • UCO Bank gets shareholders' nod for preference issue to govt, offsetting accumulated losses May 07, 2021 10:00 PM IST

    UCO Bank gets shareholders' nod for preference issue to govt, offsetting accumulated losses

    The decisions were taken at the extraordinary general meeting of the shareholders on Friday (May 7), UCO Bank said in a regulatory filing.

  • UCO Bank reports Q3 net profit of Rs 35.44 crore Jan 28, 2021 12:00 AM IST

    UCO Bank reports Q3 net profit of Rs 35.44 crore

    The Kolkata-based bank had reported a net loss of Rs 960.17 crore during the October-December period of the previous fiscal year.

  • UCO Bank Standalone December 2020 Net Interest Income (NII) at Rs 1,407.15 crore, up  13.79% Y-o-Y Jan 27, 2021 09:33 AM IST

    UCO Bank Standalone December 2020 Net Interest Income (NII) at Rs 1,407.15 crore, up 13.79% Y-o-Y

  • UCO Bank Standalone December 2020 Net Interest Income (NII) at Rs 1,407.15 crore, up  13.79% Y-o-Y Jan 25, 2021 03:33 PM IST

    UCO Bank Standalone December 2020 Net Interest Income (NII) at Rs 1,407.15 crore, up 13.79% Y-o-Y

  • UCO Bank reports Q3 net profit of Rs 35.44 crore Jan 25, 2021 12:40 PM IST

    UCO Bank reports Q3 net profit of Rs 35.44 crore

    The Kolkata-based bank had reported a net loss of Rs 960.17 crore during the October-December period of the previous fiscal year.

  • CBI books Madhya Pradesh-based firm for cheating UCO Bank-led consortium of over Rs 105 crore Nov 09, 2020 03:13 PM IST

    CBI books Madhya Pradesh-based firm for cheating UCO Bank-led consortium of over Rs 105 crore

    The agency has alleged that from 2011 to 2013, the company availed credit facilities to the tune of over Rs 110 crore from a consortium of banks consisting of UCO Bank, Corporation Bank (now merged with Union Bank of India) and Punjab National Bank, officials said.

  • UCO Bank Standalone September 2020 Net Interest Income (NII) at Rs 1,393.15 crore, up  10.03% Y-o-Y Oct 26, 2020 08:11 PM IST

    UCO Bank Standalone September 2020 Net Interest Income (NII) at Rs 1,393.15 crore, up 10.03% Y-o-Y

  • UCO Bank Recruitment 2020: 91 vacancies notified, check here for eligibility criteria, salary and other details Oct 26, 2020 02:38 PM IST

    UCO Bank Recruitment 2020: 91 vacancies notified, check here for eligibility criteria, salary and other details

    According to the official notification, the online application process for the various posts will start from October 27 and the last date to apply is November 17. Interested candidates can apply through the bank official website, i.e ucobank.com.

  • 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

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