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The Latest Breaking News from UCO Bank

NCLAT upholds insolvency proceedings against Nyka Steel guarantor over UCO Bank dues

The NCLAT upheld an NCLT order initiating insolvency proceedings against a personal guarantor. This decision involved Asif Ahmed Siddique, a guarantor for Nyka Steel. The tribunal found the guarantor's liability extended beyond the initial capped amount. It also noted the guarantor signed the credit facility renewal in 2018.

The Economic Times

HDFC Bank, Axis Bank collect highest penalties from customers for non-maintenance of minimum average balance; Bank of Baroda tops public sector bank list

HDFC Bank, Axis Bank, and Bank of Baroda collected the most penalties for low balances. Public sector banks collected these charges from FY 2021-22 to FY 2025-26. Private sector banks collected penalties from FY 2022-23 to FY 2025-26. Most public sector banks have now withdrawn these charges for savings accounts.…

The Economic Times

Ahead of Market: 10 things that will decide stock market action on Thursday

Indian equities advanced for a fourth straight session as easing geopolitical tensions, lower crude oil prices, softer bond yields and a stronger rupee boosted sentiment. Gains in IT, metals and PSU banks lifted benchmarks, while India VIX remained subdued amid improving market confidence.

The Economic Times

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JioBlackRock Flexi Cap Fund exits 3 AMC stocks, HAL, and 13 others in April

JioBlackRock Mutual Fund’s Flexi Cap Fund completely exited 17 stocks in April, including AMC companies and Hindustan Aeronautics, while adding 27 new stocks to its portfolio. The fund also increased exposure to several large-cap names and expanded its portfolio size from 107 to 117 stocks.

The Economic Times

‘Everyone’s mother dies. Don’t be dramatic’: Boss denies leave after employee’s mother passes away, asks him to be ‘practical’

Sociopath or just your average middle manager?

We Got This Covered

CBI conducts searches at 13 locations in connection with IMPS transfers to UCO Bank

CBI searches 13 locations in WB, Karnataka in connection to suspicious IMPS transfers of ₹820 crore into UCO Bank accounts. Complaint from UCO Bank against 2 Support Engineers & unknown persons.

The Hindu

UCO Bank shares climb 2% on BSE after Q4 earnings, net rises 86% to Rs 581 crore

NEW DELHI/KOLKATA: Shares of UCO Bank on Tuesday climbed 2 per cent after the firm reported an 86.2 per cent rise in net profit for the March 2023 quarter.

The Times of India

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Finance ministry holds review meeting with heads of banks to promote cross-border trade in rupee

NEW DELHI: The finance ministry on Monday had a comprehensive review meeting with CEOs of banks including top six private sector lenders and discussed ways to promote cross-border trade in rupee.

The Times of India

UCO Bank shares surge over 50% in November so far

NEW DELHI: Shares of state-owned UCO Bank continues to give stellar gains to investors.

The Times of India

Top stock performers with highest gains for investors

NEW DELHI: What stocks gained the most today? How do they compare with shares of companies that have given the highest return in the past one week, one month and one year?

The Times of India

Business: Mahindra ties up with UCO Bank

The tie-up will allow Mahindra to leverage UCO Bank’s exhaustive network of over 3,000 branches, extending the reach of its financing options to passenger vehicle customers across the country, the company said in a release. Read more on Dynamite News

Dynamite News

UCO plans to tap ARC to handle its exposure in Srei

KOLKATA: UCO Bank is toying with the possibility to tap an asset reconstruction company (ARC), including the government-backed bad loan aggregator National Asset Reconstruction Company, to handle its exposure in ailing Srei group entities, which are going through a resolution process under the Insolvency and Bankruptcy Code (IBC).

The Times of India

Focus on consistent and qualitative growth: UCO Bank MD

‘Bank has been earning good profits’

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