UCO Bank has reported a notable 50 per cent Year-on-Year (YoY) increase in net profit for Q2 FY25, reaching Rs 603 crore, up from Rs […]
Tag: UCO Bank
Bank of Baroda, UCO Bank and other public sector banks raise lending rates amid rising costs
In response to the rising cost of funds, three major public sector banks- Bank of Baroda (BOB), Canara Bank and UCO Bank have increased their […]
Government appoints Ashwani Kumar as MD of UCO Bank
The government on Wednesday appointed Ashwani Kumar as managing director of UCO Bank in place of Soma Sankara Prasad whose terms comes to an end. […]
IL&FS Group makes interim distribution payout of Rs 29,000 crore to secured creditors
The IL&FS Group has so far paid back Rs 29,000 crore to the secured creditors, with the latest being an interim pay-out of Rs 920 […]
PSU bank stocks deliver up to 96% return in FY23. Will the magic repeat in next fiscal?
Beating much-fancied private sector peers by a wide margin, PSU bank stocks have turned out to be the top performing sector of FY22 on the […]
UCO Bank hopes to earn Rs 1,500 crore net this fiscal: MD&CEO
City-based public sector lender UCO Bank on Tuesday said it hopes to achieve a net profit of Rs 1,500 crore this fiscal year. MD & […]
Banks from 18 nations open 30 special vostro accounts for trade in rupee
Several banks, including HDFC Bank and UCO Bank, have opened as many as 30 special vostro accounts as of date to facilitate overseas trade in […]
Several banks open special vostro accounts for trade in rupee, more countries expressing interest
Several banks, including HDFC Bank and UCO Bank, have opened special vostro accounts to facilitate overseas trade in the rupee and many countries have expressed […]
Nine Russian banks open special vostro accounts for trade in rupee
As many as nine special vostro accounts have been opened with two Indian banks after permission from the Reserve Bank of India to facilitate overseas […]