UCO Bank

IMPS transaction fraud: Over 90% of cash recovered, actions on to recuperate remainder of cash, says UCO Financial institution MD

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State-run UCO Financial institution has recovered greater than 90 per cent of the “faulty credit” which sure account holders of the financial institution had acquired through Speedy Cost Service (IMPS) final 12 months and actions are on to recuperate the remainder of the cash, its Managing Director and Chief Government Officer Ashwani Kumar stated on … Read more

SBI ups MCLR throughout all tenors by 10 bps

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State Financial institution of India (SBI) has upped its Marginal Value of Funds-based Lending Fee (MCLR) throughout all tenors by 10 foundation factors with impact from August 15, 2024. The revised six-month and one-year MCLR will probably be 8.85 per cent (8.75 per cent) and eight.95 per cent (8.85 per cent), respectively. That is the … Read more

UCO Financial institution Q1 web jumps 2.5-fold to ₹550.96 cr

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Kolkata State-run lender UCO Financial institution on Monday reported round 2.5-fold year-on-year soar in its web revenue to ₹550.96 crore for the primary quarter this fiscal, backed by round 10 per cent y-o-y rise in its working revenue and round 46 per cent y-o-y fall in its provisions through the interval. The Kolkata-based financial institution … Read more

Financial institution of Maharashtra, UCO Financial institution report robust credit score progress in Q1

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Public sector banks appear to have began FY25 on a powerful notice, clocking sturdy credit score progress, going by provisional enterprise updates of Financial institution of Maharashtra (BoM) and UCO Financial institution for the primary quarter of FY25. Nevertheless, deposit progress of those banks continues to lag credit score progress. BoM has reported a 19.01 … Read more

UCO Financial institution This fall internet falls 9.5% to ₹525.77 crore as working revenue declines

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State-run UCO Financial institution on Monday reported a 9.5 per cent year-on-year fall in its standalone internet revenue to ₹525.77 crore for the fourth quarter final fiscal as working revenue declined throughout the interval. The Kolkata-based lender had posted a internet revenue of ₹581.24 crore for the fourth quarter of FY23. Additionally learn: CBI raids … Read more

UCO Financial institution has no requirement for elevating contemporary capital this fiscal, says MD Ashwani Kumar

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State-run lender UCO Financial institution has no requirement for elevating contemporary capital for enterprise progress this fiscal, however it could method the federal government for a QIP or different capital-raising choices subsequent fiscal. Additionally learn: UCO Financial institution web down 23% at ₹502.83 cr on provisioning in the direction of wage revision “If you happen … Read more