Uco Bank on Friday posted a net profit of Rs 21.46 crore, aided by lower bad loan provisions. The bank had registered a loss of Rs 601.45 crore in the corresponding quarter of the previous year. The ...

Uco Bank plans to raise Rs 3,000 crore during 2020-21 as part of its efforts to sustain growth and comply with the Basel requirements on capital adequacy. The board of directors of Uco Bank on Thursd...

Public sector lender Uco Bank is expecting an 8-10 per cent credit growth rate for 2020-21 and an improvement of its net interest margin (NIM) to the range of 2.6-2.75 per cent by March 31, 2021. The...

Wellness focused FMCG firm Emami on Friday reported a 59.4 per cent decline in its March quarter consolidated net profit at Rs 22.75 crore against Rs 56.09 crore a year ago. Revenue from operations wa...

Two city-based public sector banks — United Bank of India and Uco Bank — saw a rise in non-performing assets for the quarter ended December 31, 2018. Faced with fresh slippages and rise in bad loa...

The NCLT process in certain cases is taking longer for the bank to recover its stressed assets. It is relying on alternatives such as one time settlement schemes to expedite recovery efforts in NPA.Uc...

India is weighing a number of options to secure additional crude oil to compensate for the loss of cheap Iranian supplies due to US sanctions.Oil producers, however, are expected to seek a premium for...

Reserve Bank of India governor Shaktikanta Das has said four banks under the Prompt Corrective Action (PCA) framework are taking efforts and they are being monitored.At present, Indian Overseas Bank ,...

The tea industry on Saturday called for support of all stakeholders to move towards electronic payment of wages.Industry officials at the 130th annual general meeting of the Assam branch of Indian Tea...

Public sector lender Uco Bank is working on a mechanism to assess loans to MSMEs, under the central government’s Mudra scheme, that envisages engaging 10-15 fintech companies which will automate the...