Page 2 - Uco Bank

Bank of Maharashtra, UCO Bk, IOB: PSBs rise up to 6% on June 2; here's why

The Nifty PSU Bank index rose as much as 1.96 per cent to hit an intraday high of 7,010.45, with all its constituents trading in the green.

Ex-Uco bank chief Subodh Goel arrested in Rs 6,210 cr loan fraud case

The former CMD of Uco bank was arrested by the ED from his residence in New Delhi; special PMLA court in Kolkata grants ED custody of Goel till May 21

ED arrests former Uco Bank chairman Subodh Kumar Goel in fraud case

ED arrests ex-Uco Bank CMD Subodh Goel in ₹6,210 crore fraud case; agency alleges he received illegal gratification via shell firms during credit sanctions to CSPL

Oracle Financial, 11 others to go ex-dividend next week; do you own any?

Here is the complete list of stocks that will trade ex-dividend next week, along with their details

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

Bank of India, UCO Bank cut lending rate in line with RBI's policy

Bank of India and UCO Bank have announced 25 basis points reduction lending rate within hours of RBI's decision to slash its policy rate on Wednesday, a move which will help existing and new borrowers. Other banks are also are expected to make similar announcements soon. Both public sector banks, in separate regulatory filings, said the rate revision has been done following the RBI's reduction in the short-term lending rate (repo rate) earlier in the day. Bank of India's new Repo Based Lending Rate (RBLR) stands at 8.85 per cent compared to 9.10 per cent earlier. The new rate would be effective from Wednesday, Bank of India said in a regulatory filing. UCO Bank said it has brought down repo linked rate to 8.8 per cent, effective Thursday.

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

Govt seeks advisers for minority stake sales in state-run banks, firms

The federal finance ministry is looking dilute minority shareholdings in Central Bank of India, Indian Overseas Bank, UCO Bank, and Punjab and Sind Bank

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.

UCO Bank, Central Bank rise up to 9% in trade: here's why PSBs are surging

Among others, UCO Bank and Central Bank gained over 9 per cent and over 7 per cent respectively. Indian Overseas Bank shares were up over 6 per cent

Planning to buy a new car soon? Here are the best loan rates available

A comprehensive list of new car loan rates and charges by 18 leading banks

Public sector bank heads at BS BFSI Summit: The best is still to come

Heads of public sector banks discuss the present and future of the banking sector in conversation with consulting editor Tamal Bandyopadhyay at the Business Standard BFSI Insight Summit

Expect some clarity on MTNL resolution this quarter: UCO Bank MD & CEO

A year ago, our CD ratio was 67.25 per cent, and it has now reached 71.77 per cent. This improvement is largely a result of the aforementioned credit growth

What sparked 6% jump in UCO Bank share price on October 21?

UCO Bank shares jumped after the company reported healthy Q2FY25 results. The bank's net profit jumped 50 per cent year-on-year (Y-o-Y) to Rs 602.7 cr in Q2FY25, from Rs 401.7 crore in Q2FY24