The Kolkata-based lender had posted a net profit of Rs 124 crore in the year-ago period
Certain African countries that are facing foreign exchange problems and issues with US Dollar and Euro mobilisation are also showing interest in the rupee (INR) trade mechanism
On the asset quality front, the bank recorded an improvement with gross NPAs (Non-Performing Assets) declining to 5.63 per cent of gross advances as compared to 8 per cent at the end of the third quarter of 2021-22
UCO Bank's capital adequacy ratio at 16.51 per cent at March-end 2023 increased by 277 basis points from 13.74 per cent a year ago
UCO Bank, Union Bank of India and Indian Bank also recorded profit growth of over 100 per cent
At the same time, interest income rose to Rs 4,627 crore as compared to Rs 3,919 crore in the same quarter a year ago
President Droupadi Murmu is set to visit Kolkata for a two-day trip to West Bengal, during which she will pay homage to Subhash Chandra Bose and Rabindranath Tagore, and be felicitated by the state government. She will also...
The board is scheduled to meet on January 3, 2023 to take up the fund raise proposal
The Kolkata-based lender said in a regulatory filing that the operating profit of the bank during the quarter decreased to Rs 1,190 crore as compared to Rs...
Last month, state-owned UCO Bank received the RBI's approval to open a special Vostro account with Gazprombank of Russia
Open network for digital commerce (ONDC) is a set of standards for voluntary adoption by sellers or logistics providers or payment gateways
Delhi Fire Services Director Atul Garg said the information about the fire in the UCO bank branch in the Supreme Court premises was received at 9:10 am.
The capital infusion of Rs 15,000 crore would go mostly to banks that had got money through non-interest-bearing bonds in the previous year as the RBI had...