After UCO Bank, Bank of Baroda and Canara Bank to hike interest rates from Monday
Aug 10, 2024, at 11:28 pm
New Delhi/IBNS: Leading Indian public-sector banks such as UCO Bank, Canara Bank and Bank of Baroda have increased their Marginal Cost of Funds-based Lending Rates (MCLR) in different tenures which will result in higher costs for consumer loans, reports said.
UCO Bank Q1FY25: Net profit jumps 147.09% YoY to Rs 551 cr; NII grows 12% YoY to Rs 2,254 cr
Jul 23, 2024, at 02:44 am
Kolkata: UCO Bank Monday reported 147.09% y-o-y growth in net profit to Rs 551 crore in the first quarter of FY25, compared to Rs 223 crore in the same period last year.
UCO Bank Q4FY24: PAT down 9.5% YoY to Rs 526 cr due to higher provisioning
May 01, 2024, at 01:39 am
Kolkata: Public sector lender UCO Bank reported a 9.5% decrease in year-on-year net profit for the March quarter, totaling Rs 526 crore, primarily attributed to increased operating expenses, compared to the net profit of Rs 581 crore in the corresponding period last year.
Mar 08, 2024, at 04:37 am
New Delhi: The Central Bureau of Investigation (CBI) on Thursday conducted raids at 67 locations in connection with suspicious IMPS transactions amounting to about Rs 820 crore in multiple UCO Bank accounts.
CBI searches 13 locations in various cities in UCO Bank's Rs 820 cr IMPS transaction incident
Dec 06, 2023, at 07:00 am
New Delhi: The Central Bureau of Investigation (CBI) has filed an FIR related to IMPS transactions amounting to Rs 820 crore in UCO Bank in November this year.
Govt advises banks to appoint nodal officers for cyber security following UCO Bank incident
Nov 29, 2023, at 05:17 am
New Delhi: Taking note of the increasing incidents of bank fraud, the Finance Ministry Tuesday advised banks to appoint nodal officers to address cyber security concerns.
Finance Ministry asks public sector banks to examine and enhance cybersecurity
Nov 20, 2023, at 12:02 am
New Delhi: The Finance Ministry has asked state-owned banks to reassess their digital operations in light of the recent UCO Bank incident, media reports said.
UCO Bank Q2FY24 net profit falls 20% YoY to Rs 401.67 cr; NII stands at Rs 5,219 cr
Nov 04, 2023, at 07:04 am
Kolkata: UCO Bank on Friday reported a 20.3 percent fall in its net profit in the September quarter to Rs 401.67 crore as compared to Rs 504.52 crore in the same quarter last year.
Ashwani Kumar elevated as MD of UCO Bank
Jun 01, 2023, at 07:55 pm
New Delhi: The government on Wednesday elevated Ashwani Kumar as Managing Director of UCO Bank.
UCO Bank posts highest ever annual net profit of Rs 1862.34 cr for FY23
May 03, 2023, at 06:49 am
Mumbai/IBNS: Public sector lender UCO Bank on Tuesday posted the highest ever annual net profit of Rs 1862.34 crore for the year FY23, a y-o-y growth of 100.30% against Rs 929.76 crore for FY22.
Mahindra ties up with UCO Bank to offer attractive financing options on SUVs
Sep 13, 2022, at 10:44 pm
Kolkata: Mahindra & Mahindra, India’s leading SUV manufacturer, today entered into a partnership with leading public sector lender UCO Bank, which will enable the company to offer attractive financing options to its SUV customers.
UCO Bank Q4 results: Net profit jumps three-fold to Rs 312 cr, dividend remains undeclared
May 14, 2022, at 01:44 am
Kolkata/IBNS: The 95 percent state-owned UCO Bank registered a net profit jump of 290 percent to Rs 312 crore in the quarter ended March 2022 as against Rs 80 crore in quarter ended March 2021.
RBI lifts PCA restrictions on UCO bank after four years
Sep 09, 2021, at 02:58 am
Mumbai/IBNS: The Reserve Bank of India (RBI) has removed the Prompt Corrective Action (PCA) restrictions from public sector lender UCO Bank after four years.
UCO Bank partners with Fisdom to offer wealth management solutions
Sep 07, 2021, at 12:44 am
Mumbai: Leading Public Sector Bank, UCO Bank has partnered with FISDOM , operated by a wealth-tech start-up Finwizard Technology Pvt. Ltd. to offer wealth management products and services, beginning with mutual funds, through the Bank’s mBanking Plus App to the Bank’s thirty million customers.
UCO Bank Q3 net profit stands at Rs. 35.44 crore
Jan 25, 2021, at 10:51 pm
Mumbai/UNI: UCO Bank has reported a net profit of Rs 35.44 crores for the quarter ended December 31, 2020 as against net loss of Rs 960.17 crores for the quarter ended December 31, 2019.
UCO Bank Q1 net profit at Rs 21.46 cr
Jul 31, 2020, at 10:02 pm
Mumbai/UNI: UCO Bank has reported net profit of Rs 21.46 crore for quarter ended June 30, 2020 as against net loss of Rs 601.45 crores for the quarter ended June 30, 2019.
UCO Bank to disburse Rs 4000 Cr loan within 45 days to mark its 77th foundation day beginning Monday
Jan 04, 2020, at 09:34 pm
Kolkata/UNI: In a bid to boost its growth in financial activities UCO Bank today announced to disburse Rs 4000 Crore loan in 45 days beginning Monday (January 6, 2020) to mark its 77th foundation day.
Gem partners with UCO Bank, Bank of Maharashtra for payment related services
Dec 18, 2019, at 05:18 pm
New Delhi/UNI: The Government e- Marketplace signed two MoUs with Bank of Maharashtra and UCO Bank to offer a number of services.