UCO Bank News

UCO Bank Q4 results: Profit rises 24% to Rs 665.7 cr, NPAs decline to 2.69%

UCO Bank on Monday reported a nearly 24 per cent year-on-year jump in consolidated net profit to Rs 665.72 crore for the quarter ended March. The state-owned lender's bottomline stood at Rs 537.86 crore in the corresponding quarter a year ago. Consolidated total income for the period under review was around Rs 8,136 crore, up from Rs 6,984 crore a year ago, it said. For the full year ended March 31, 2025, UCO Bank's consolidated net profit stood at Rs 2,468 crore compared to Rs 1,671 crore in the 2023-24 fiscal. The bank's asset quality improved, with gross non-performing assets (NPA) ratio declining to 2.69 per cent as of March 31 from 3.46 per cent a year ago, while the net NPA ratio fell to 0.50 per cent from 0.89 per cent. The provision coverage ratio stood at 96.69 per cent. The lender's total business rose 14.12 per cent year-on-year to Rs 5,13,527 crore as of March, driven by a 17.72 per cent growth in gross advances to Rs 2,19,985 crore and an 11.56-per cent increase in to

UCO Bank shares rise 3% on healthy Q4 provisional business update; details

The rise in the UCO Bank share price came on the back of a healthy Q4 provisional business update

Uco Bank share price sinks 14% today; stock falls below QIP issue price

On March 27, 2025, Uco Bank approved the allotment of 583,600,803 (583.6 million) equity shares to eligible qualified institutional buyers (QIBs) at an issue price of ₹34.27 per equity

REC, RBL, PNB: Bank, NBFC stocks rally as RBI to inject Rs 1.9trn liquidity

The Nifty PSU Bank index rose 1.46%, or 86.3 points to hit an intraday high of 5,976.75, while the Nifty Bank index increased 0.72%, adding 349.15 points to hit an intraday high of 48,839.10

Central Bank, IOB, UCO Bank rise up to 4% in trade on Feb 25; here's why

The uptick in these stocks came after the DIPAM invited bids from merchant bankers to assist the government in its planned stake sale in public sector banks and listed financial institutions

On track to exceed NPA recoveries target of Rs 3,000 crore: Uco Bank MD

In this quarter, we have achieved recoveries to the tune of Rs 1,064 crore, contributing to over Rs 2,700 crore in recoveries across the past three quarters, said UCO Bank MD and CEO Ashwani Kumar

UCO Bank's Q3FY25 results: Net profit rises 27% on better margins

Plans Rs 2,000 crore QIP in the current quarter

UCO Bank Q3 results: PAT rises 27% to Rs 639 cr, income at Rs 7,406 cr

State-owned UCO Bank on Tuesday reported a 27 per cent increase in net profit at Rs 639 crore for the third quarter ended December 2024. The Kolkata-based lender had logged a net profit of Rs 503 crore in the same quarter a year ago. Operating profit also rose to Rs 1,586 crore as against Rs 1,119 crore in the December 2023 quarter. Total income increased to Rs 7,406 crore from Rs 6,413 crore in the same period last year, UCO Bank said in a regulatory filing. Interest income also rose to Rs 6,220 crore over Rs 5,552 crore in the same quarter a year ago. Net Interest Income (NII) during the quarter rose by 20 per cent Rs 2,378 crore as against Rs 1,988 crore for the same period of the preceding year. On the asset quality front, the bank's gross Non-Performing Assets (NPAs) declined to 2.91 per cent of gross loans by the end of December 2024 from 3.85 per cent a year ago. Similarly, net NPAs or bad loans came down to 0.63 per cent as compared to 0.98 per cent in 2023. The capital

Bank of Baroda to UCO Bank: Loan growth of banks picks up pace in Q3

Meanwhile, Yes Bank reported a marginal contraction in deposits during the October-December period (Q3FY25) over the previous quarter

RBI Policy Impact: Financials gain, PSU Bank index rises 2% on CRR cut

Uco Bank, Indian Overseas Bank, Central Bank of India, Bank of Baroda, Canara Bank and Union Bank were up in the range of 2 per cent to 2.5 per cent.