UCO Bank News and Updates

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05 Aug 2022

UCO Bank net profit rises 22% to Rs 123.61 crore in June quarter

Business Standard

State-owned UCO Bank on Friday posted a 22 per cent rise in its net profit at Rs 123.61 crore for the first quarter ended June 30, helped by fall in bad loans. The bank had reported a net profit of Rs 101.81 crore in the same quarter of financial year 2021-22. However, the total income declined to Rs 3,796.59 crore, as against Rs 4,539.08 crore in the first quarter of the previous fiscal, UCO Bank said in a regulatory filing. "The bank has registered healthy growth in the first quarter. Going forward, we expect more traction in credit offtake in both retail and corporate (segments). We expect a credit growth of 12-13 per cent in the September quarter," UCO MD & CEO Soma Shankar Prasad said. He also said there is no capital raising plan in this fiscal as we have a Capital Adequacy Ratio (CAR) of 14.13 per cent. Interest income during the quarter under review increased to Rs 3,851.07 crore, from Rs 3,569.57 a year ago. The Kolkata-headquartered lender trimmed its gross...

Number of MF schemes increased from 14 to 20 in Sep 2025 qtr.

UCO to explore ARC, NARC route to recover cash from Srei Group

Business Line | 05 Aug 2022 1 more

UCO Bank

12 Jul 2022

UCO Bank gets nod to raise equity capital by issuing up to 1 bn shares

Business Standard

The bank would raise equity capital at appropriate time in the current fiscal to support growth, according to a regulatory filing on Tuesday.

UCO Bank is trading above its 100 day SMA of 30.6

UCO Bank

18 May 2022

UCO Bank appoints Sujoy Dutta as CFO; JK Bank gets govt nominee director

Business Standard

UCO Bank on Wednesday said it has designated Sujoy Dutta as the new chief financial officer with immediate effect. "Sujoy Dutta, deputy general manager of our bank, has been designated as new Chief Financial Officer (CFO) of the bank with immediate effect in place of Shashi Kant Kumar, general manager of the bank," UCO Bank said in a regulatory filing. Dutta holds a bachelor degree in commerce from Calcutta University and he is a member of the Institute of Chartered Accountant of India (ICAI). Prior to his present position as deputy general manager (Finance) at bank's head office, Kolkata, he was zonal head of bank's New Delhi zonal office, the state-owned lender said. Another lender J&K Bank said that government of Jammu & Kashmir vide an order dated May 17, 2022 has nominated Vivek Bhardwaj, additional chief secretary, Finance Department as government nominee director on the board of directors of the bank, in place of Atal Dulloo, (additional chief secretary) with effect...

Number of MF schemes increased from 14 to 20 in Sep 2025 qtr.

UCO Bank

15 May 2022

to see Rapid results content

UCO Bank

13 May 2022

UCO Bank Q4 net profit up 290%, says will open new branches across India

Business Standard

The company says it seeks a loan growth of 15 per cent this fiscal and it has managed to reduce its NPA.

UCO Bank is trading below its 150 day SMA of 31.3

UCO Bank Q4 net profit surges 290 per cent to Rs 312 crore

Business Line | 13 May 2022 3 more

UCO Bank

02 Mar 2022

UCO Bank extends tie up with Fisdom; to offer demat, stockbroking services

Business Standard

State-owned UCO Bank has extended the fintech partnership with Fisdom to include demat account and stockbroking services, pension funds and tax filing

UCO Bank is trading below its 150 day SMA of 31.3

UCO Bank, Fisdom partner to offer demat, trading account services to customers

livemint | 02 Mar 2022

UCO Bank

31 Jan 2022

to see Rapid results content

UCO Bank

11 Jan 2022

UCO Bank launches RuPay Select Contactless debit card; check out features

Business Today

The card also offers an ATM withdrawal limit of Rs 50,000 along with a purchase of up to Rs 2 lakh at POS or e-commerce, the lender said in a statement.