Page 5 - Uco Bank

UCO Bank slashes lending rate by 40 basis points, MSME loans to get cheaper

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

The Reserve Bank of India has imposed a penalty of Rs 5 lakh on UCO Bank for bouncing of SGL forms

UCO Bank reports Rs 960-crore loss before tax in December quarter

Gross non-performing assets as a percentage of lending stood at 19.45 per cent at the end of Q3FY20

UCO Bank Q3 net loss narrows to Rs 960 cr; ratio of bad loans remains high

The Kolkata-based bank had reported a net loss of Rs 998.74 crore during the corresponding October-December period of the previous fiscal year

UCO Bank optimistic of coming out of RBI's PCA framework in FY20

The framework is used to put lenders with high non- performing assets, weak return on assets and low capital adequacy ratio on a short leash

UCO Bank raises Rs 500 crore by issuing Basel III compliant bonds

The bank added that the board had approved the issuance of these bonds in October

UCO Bank cuts MCLR by 10 basis points across tenors, revises rate to 8.3%

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 posts pre-tax loss of Rs 892 crore in September quarter

The UCO Bank's total income during the September 2019 quarter increased to Rs 4,533.51 crore

Amalgamating 10 govt banks into 4 entities in mega consolidation move: FM

After today's mergers, the count of government-owned banks will come down to 12 from 27 in 2017

UCO Bank net loss at Rs 601 crore; seeks capital from LIC and govt

The total provisions of the bank (other than current tax) and contingencies stood at about Rs 1,803 crore in Q1FY20

UCO Bank reduces bad debts, aims to be out of RBI's lending curbs by 2020

State-owned lender aims to returns to profits by lending to home-buyers and small businesses.

We're working hard to preserve our identity: A K Goel, MD & CEO, UCO Bank

In a Q&A, the chief of the PSU lender, currently under PCA, dwells on its rigid and target-driven recovery and CASA deposit mobilisation plans

UCO Bank posts Q4 net loss at Rs 1,552 cr; yearly loss at Rs 4,321 cr

Provisions for NPAs stood at Rs 2,602 crore, against Rs 3134 crore in the same period of FY18

Renewed US sanctions on Iran to give boost to NPA-burdened Uco Bank

Uco Bank expects its privileged status processing refiners' payments for Iranian oil shipments to add more than Rs 8 billion to annual earnings

UCO Bank Q3 net loss narrows to Rs 998 cr, income down at Rs 3,585 cr

UCO Bank's NPAs ballooned to 27.39% of gross loans at end of December 31, 2018

UCO Bank Q2 net loss widens to Rs 11.3 bn as bad loans soar; stock falls 4%

The stock of the bank closed 4.27 per cent down at Rs20.20 on the BSE on Monday

UCO Bank reports a net loss of Rs 6.33 billion in June quarter

The GNPA increased to about Rs 298 billion in the last quarter, against Rs 250 billion in the same period last financial year

UCO Bank posts net loss of Rs 6.34 bn in Q1; NPA becomes 1/4th of advances

The provisions for bad loans were raised substantially to Rs 20.38 billion for the June quarter of FY'19 from Rs 12.04 billion a year ago

UCO bank set for biggest drop since 2003 as CBI takes case against Ex-chief

Shares of the Kolkata-based bank fell as much as 18 percent before trading down about 8 percent as of 11:10 a.m. in Mumbai on Monday

UCO Bank plunges 14% after CBI books former CMD in Rs 6.21 billion fraud

The stock plunged 14% to Rs 19.15 on the BSE, its lowest level since September 7, 2006