Page 11 - Uco Bank

UCO Bank posts Rs 440.57 crore loss in Q1, asset quality deteriorates

CEO R.K. Takkar said loss was on account of higher provisioning and lower operating profit

There is no harm in merger of banks: R K Takkar

Q&A with CMD, UCO Bank

UCO Bank seeks to raise Rs 4,000 crore this fiscal

Of the total additional requirement of Rs 4,000 crore capital, the bank needs to raise about Rs 3,000 crore as tier I capital

RBI fines UCO Bank Rs 1 crore for violation of a/c opening norms

RBI had carried out an inspection of books of accounts, internal control, compliance system and processes at one of the bank's branches

UCO Bank expects to return to profitability by FY18

Bank will not take any fresh exposure to large corporate firms under a new turnaround strategy

UCO Bank approves raising Rs 4,243 crore Tier I capital

Bank also said the board has approved proposal for raising Tier II Capital to the tune of Rs 1,500 crore

UCO Bank steps up turnaround effort

Falling Iran deposits, loan mix and stress in core sectors lead to high losses

UCO Bank posts net loss of Rs 1,715 cr in Q4

Gross NPA of the bank touched an all-time high of 15.34%

UCO Bank revises lending rates based on marginal cost

For one year loan, interest rate will be 9.55% while for two years it is going to be 9.65%

UCO Bank expects revalued real estate investments at Rs 1,200 cr

Chnaged RBI guidelines enable banks to recognise 45% of revaluation reserves to be included in CET1 capital