Thu, Sep 05, 2024
The Chennai-based RAR Fincare Limited was fined Rs 25,000 for failing to obtain the necessary prior permission from the RBI before making significant changes to its management structure. These penalties are part of the RBI’s ongoing efforts to enforce compliance, ensure better governance, and promote transparency across the financial system.
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Tue, Jul 02, 2024
Which stocks will be in focus today: Patanjali Foods, CDSL, UCO Bank & Carysil? News shares and triggers. Know in Stocks In News.
Sun, May 05, 2024
Dividend stocks this week: UCO Bank has announced a dividend of Rs 0.28 per equity share and fixed May 10 as ex-date.
Mon, Apr 29, 2024
Subject to shareholder approval, the lender will explore various methods like QIP (Qualified Institutional Placement), FPO (Follow-on Public Offer), etc, for issuing 400 crore equity shares of Rs 10 each, the bank informed bourses.
Thu, Mar 07, 2024
"IMPS inward transactions initiated from around 14,600 account holders of seven private banks were wrongfully posted in the accounts of over 41,000 UCO Bank account holders. This resulted in Rs. 820 crore being credited to UCO Bank accounts without actual debiting from the originating banks," the CBI Spokesperson said.
Wed, Jan 24, 2024
Total income increased to Rs 6,413 crore from Rs 5,451 crore in the same period last year, UCO Bank said in a regulatory filing. Interest income also rose to Rs 5,552 crore over Rs 4,627 crore.
Thu, Nov 16, 2023
UCO Bank said the bank has retained or recovered Rs 649 crore or 79 per cent of the amount erroneously credited to some accounts of the bank via Immediate Payment Service (IMPS).
Fri, Nov 03, 2023
UCO Bank Q2 Results: State-run UCO Bank said its net profit for the second quarter of the current fiscal dipped by 20.39 per cent to Rs 402 crore as compared to Rs 505 crore in the year-ago period.
Fri, Jul 28, 2023
State-owned UCO Bank on Friday posted an 80 per cent jump in net profit to Rs 223 crore in the April-June quarter, mainly due to a decline in bad loans.
Tue, Jan 24, 2023
Q3 Results 2023: Listed companies on the BSE and NSE continued to announce their quarterly earnings on Tuesday. Some of the companies which declared their October-December results included Uco Bank, Macrotech Developers and Strides Pharma.
Total income increased to Rs 5,451 crore in the quarter from Rs 4,638 crore in the year-ago period, the bank said in a regulatory filing.
Fri, Dec 16, 2022
UCO Bank Share Price Target: Shares of State-owned lender UCO Bank, NSE: UCOBANK, settled 2.53 per cent higher at Rs 35.50 on NSE today, December 16.
Fri, May 13, 2022
Q4 Results 2022: Several listed companies announced their March quarter results on Friday. Among them were Tech Mahindra, Welspun Enterprises and Uco Bank, which reported a YoY jump in their net profits, while Escorts posted a dip in its PAT
Tue, Feb 01, 2022
Benchmark indices ended with strong gains on Monday, January 31, 2022, tracking positive global cues.
Mon, Nov 29, 2021
State-run UCO Bank Limited is now out of the Reserve Bank of India’s (RBI) Prompt Corrective Action Framework (PCA) and is relieved to have come out of it. In chat with Zee Business, Managing Director (MD) and Chief Executive Officer (CEO) of bank Atul Kumar Goyal tells what it means for it and where is the bank headed to
Thu, Oct 28, 2021
UCO Bank has reported multi-fold jump in net profit at Rs 205.39 crore for the second quarter ended September 2021 as bad loans fell.
Mon, Oct 11, 2021
Tata Sons bagged Air India in one of the important disinvestment stories last week on Friday.
Thu, Sep 09, 2021
Analyst Nilesh Jain advises any fresh investment in this stock based on this one piece of news. He says that the stock still has to show strength on the charts and there is very little to suggest as of now. He said that there is a strong resistance zone for this stock between Rs 16 and Rs 16.50 and it has made four tops around these levels
A day after the Reserve Bank of India lifted UCO Bank from PCA (Prompt Corrective Action) norms, the shares of this PSU (public sector unit) bank has spurted almost 16 per cent to Rs 14.85 per share on the BSE intraday trade during Thursday’s session.
Thu, Apr 01, 2021
As government has decided to carry out a capital infusion drive in four public sector banks of as much as Rs 14,500 crore, Nifty PSU Bank Index zoomed by over 2.5 per cent to become second highest performer during today's session.
Wed, Mar 17, 2021
In an exclusive report by Zee Business Executive Editor Swati Khandelwal, the Reserve Bank of India (RBI) will soon take a call on taking out three public sector banks from the PCA (Prompt and Corrective Action).
Wed, Oct 28, 2020
Atul Kumar Goel, Managing Director & Chief Executive Officer, UCO Bank, talks about September quarter results, recovery, NPAs, lending and deposit trends, corporate and retail loan book size, moratorium situation, provisioning and liquidity position among others during an exclusive interview with Zee Business Executive Editor Swati Khandelwal,
Sat, Aug 01, 2020
State-owned UCO Bank, which Posted net profit for two successive quarters, is ready to come out of the RBI's prompt corrective action (PCA) framework, an official said on Saturday.
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