Uco Bank
Business  /  Published 19.08.20

Uco Bank to raise funds

State-run Uco Bank has secured approvals from its board of directors and shareholders to raise Rs 3,000 crore capital this fiscal as the lender requires resources to grow and also provide for non-perf...
By Our Bureau in Calcutta

Business  /  Published 01.08.20

SBI net profit jumps 81%

State Bank of India (SBI) on Friday beat analyst estimates by posting an 81 per cent growth in net profits for the quarter ended June 30 with the bottomline getting a boost from a stake sale in its li...
By Our Special Correspondent in Mumbai

Business  /  Published 24.07.20

Uco Bank to raise 3000cr

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...
By A Staff Reporter in Calcutta

Business  /  Published 29.06.20

Uco Bank plans to raise funds

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...
By A Staff Reporter in Calcutta

Business  /  Published 27.06.20

Emami takes a beating

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...
By TT Bureau in Calcutta


Business  /  Published 09.02.19

Bad loans dog bank duo

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...
By A Staff Reporter in Calcutta

Business  /  Published 14.05.19

UBI, Uco look to avoid leash

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...
By A Staff Reporter in Calcutta

Business  /  Published 07.05.19

Concern over costly crude

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...
By R. Suryamurthy in New Delhi

Business  /  Published 22.02.20

Close watch on 4 banks: RBI governor Shaktikanta Das

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 ,...
By Reuters in New Delhi

North East  /  Published 08.02.20

Tea industry seeks support for e-wage

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...
By Our Special Correspondent in Guwahati


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