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Latest news about UCO Bank

UCO Bank's Executive Director Rajendra Kumar Saboo Secures Three-Year Tenure Extension Sep 16, 2025

The Central Government has extended Rajendra Kumar Saboo's tenure as Executive Director of UCO Bank for an additional three years beyond November 20, 2025, or until further orders. The extension was granted under the Banking Companies Act, 1970, and officially communicated to stock exchanges on September 16, 2025. This move ensures continuity in UCO Bank's top management and signifies confidence in Saboo's leadership.

UCO Bank to Facilitate Trade Payments for Sanctioned Nayara Energy Sep 15, 2025

UCO Bank Adjusts Benchmark Interest Rates, Lowers MCLR by 5-10 Basis Points Sep 09, 2025

UCO Bank Revises MCLR and Other Benchmark Interest Rates Effective August 10, 2025 Aug 07, 2025

UCO Bank's Q1 Net Profit Surges 10.7% to ₹610 Crore, Asset Quality Improves Jul 21, 2025

More news about UCO Bank

03Jul 25

UCO Bank Reports Robust Growth in Q1 Business, Advances, and Deposits

UCO Bank's total business grew to ₹5.24 lakh crore, a 13.67% year-over-year increase. Total advances rose by 16.58% to ₹2.25 lakh crore, while total deposits increased by 11.57% to ₹2.99 lakh crore. This balanced growth strategy, with advances outpacing deposits, suggests potential for improved net interest margins and profitability.

03Jul 25

UCO Bank's Q1 Performance: Total Business Surges 14% to ₹5.24 Lakh Crore

UCO Bank has announced strong Q1 performance with total business growing 13.70% YoY to ₹5.24 lakh crore. Total advances increased by 16.60% to ₹2.25 lakh crore, while total deposits rose 11.60% to ₹2.99 lakh crore. Notably, domestic advances showed exceptional growth at 19.80% YoY. This performance indicates robust credit demand and customer trust in the bank.

23Jun 25

UCO Bank Sees Massive Block Trade: 26.14 Million Shares Change Hands

UCO Bank experienced a significant block trade on the National Stock Exchange (NSE). The transaction involved 26,138,260 shares at Rs. 29.39 per share, totaling Rs. 76.82 crores. This large-scale trade could potentially impact the stock's price and trading volume in the short term.

19May 25

Former UCO Bank CMD Arrested in ₹6,210 Crore Money Laundering Case

Subodh Kumar Goel, former Chairman and Managing Director of UCO Bank, has been arrested by the Enforcement Directorate in connection with an alleged ₹6,210.72 crore money laundering case. Goel is accused of facilitating illegal loans to Concast Steel & Power Ltd and receiving kickbacks. He has been remanded to ED custody until May 21, 2025. The case raises concerns about oversight and governance in public sector banks.

29Apr 25

UCO Bank Reports Strong Q4 FY23 Performance with 24% Profit Growth

UCO Bank's Q4 FY23 results show significant growth with net profit up 24% to ₹6.52 billion. Interest income rose 15% to ₹67.45 billion. Asset quality improved with GNPA ratio at 2.69% and NNPA at 0.50%. The bank exceeded guidance with 11.56% deposit growth and 17.72% credit growth.

28Apr 25

UCO Bank Plans Massive Equity Issuance to Reduce Government Stake

UCO Bank has announced plans to issue up to 270 crore fresh equity shares in FY 2025-26, aiming to reduce the government's stake to 75%. This follows a recent QIP that raised Rs. 2,000 crore and reduced government shareholding to 90.95%. The new issuance, with a face value of Rs. 10 per share, could potentially be valued at Rs. 8,000 crore. The bank reported strong financial results for FY 2024-25, with a 47.80% increase in net profit to Rs. 2,445 crore and improved asset quality. A dividend of Rs. 0.39 per share has been recommended.

28Apr 25

UCO Bank Reports 24% Surge in Q4 Profit, Exceeds Growth Guidance for Deposits and Credit

UCO Bank's Q4 FY2024-25 results show a 24% year-on-year increase in net profit to ₹652.00 crore. The bank surpassed its growth projections with deposits growing by 11.56% and credit expanding by 17.72%. Asset quality improved significantly, with GNPA ratio declining to 2.69% and NNPA ratio reducing to 0.50%. The bank announced a dividend of ₹0.39 per equity share and maintained a strong capital adequacy ratio of 18.49%. Robust growth was reported across retail, agriculture, and MSME sectors.

09Apr 25

UCO Bank Revises MCLR and Other Benchmark Rates, Announces Management Changes

UCO Bank has updated its lending rates effective April 10, 2025, with the one-year MCLR set at 9.10%. The bank also appointed Mr. Satya Ranjan Panda as the new Zonal Head of the Guwahati Zone. Additionally, the Government of India announced the amalgamation of Regional Rural Banks in West Bengal, with Paschim Banga Gramin Bank, currently sponsored by UCO Bank, to be merged into the new West Bengal Gramin Bank under Punjab National Bank's sponsorship from May 1, 2025.

04Apr 25

UCO Bank Reports Robust 14% Business Growth in Q4 FY2025

UCO Bank announced impressive Q4 FY2025 results, with total business growing 14% YoY to Rs 5.13 lakh crore. Domestic advances surged 20.37% YoY to Rs 1.95 lakh crore, while total advances increased 17.65% YoY to Rs 2.20 lakh crore. Total deposits grew 11.41% YoY to Rs 2.93 lakh crore, with domestic deposits up 10.40% YoY. The bank's CASA ratio stood at 37.90% for domestic operations, and the credit-deposit ratio improved to 75.01%. Quarter-on-quarter growth was also strong across key parameters.

28Mar 25

UCO Bank Raises ₹2,000 Crore Through QIP, Sets Share Price at ₹34.27

UCO Bank, a public sector lender, has completed its Qualified Institutional Placement (QIP), raising ₹2,000 crore. The bank allotted 583,600,803 equity shares at ₹34.27 per share, a 4.99% discount to the floor price. This increased the bank's paid-up equity share capital from ₹11,955.96 crore to ₹12,539.56 crore. Key investors included Life Insurance Corporation of India, National Pension System Trust, ICICI Prudential Life Insurance, and SBI Life Insurance. The QIP, which ran from March 24-27, 2025, aims to strengthen the bank's capital base and support growth initiatives.

27Mar 25

UCO Bank Closes QIP Issue at ₹34.27 Per Share, Raising Fresh Capital

UCO Bank, a public sector lender, has concluded its Qualified Institutional Placement (QIP) issue on March 27, 2025. The bank's Capital Raising Committee approved an issue price of ₹34.27 per equity share, which includes a premium of ₹24.27 over the face value of ₹10. This price represents a 4.99% discount to the floor price of ₹36.07 per share. The QIP aims to strengthen the bank's capital base, potentially enabling expansion of lending activities and meeting regulatory requirements.

25Mar 25

UCO Bank Launches QIP with Floor Price of ₹36.07 per Share

UCO Bank has initiated a Qualified Institutional Placement (QIP) to raise capital. The bank's Capital Raising Committee set the floor price at ₹36.07 per share, with a potential discount of up to 5%. The QIP opened on March 24, 2025, following board approval in April 2024 and shareholder approval in June 2024. The bank has complied with regulatory requirements, including setting the 'Relevant Date' and filing the preliminary placement document with stock exchanges.

24Mar 25

UCO Bank Launches ₹2,000 Crore Qualified Institutional Placement at Attractive Discount

UCO Bank, a public sector bank in India, has initiated a Qualified Institutional Placement (QIP) to raise ₹2,000 crore. The shares are priced at ₹34.27 each, offering a 9.19% discount to the closing price on March 21 and a 5% discount to the QIP floor price. This capital-raising effort aims to strengthen the bank's financial position and support future growth. The attractive pricing is expected to generate strong interest among qualified institutional buyers.

21Mar 25

UCO Bank Launches ₹2,000 Crore QIP at Discounted Price of ₹34.27 per Share

UCO Bank has initiated a Qualified Institutional Placement (QIP) to raise ₹2,000 crore, setting the issue price at ₹34.27 per share. This price represents a 9.19% discount to the market price and a 5% discount to the SEBI floor price of ₹36.07. The bank has been actively engaging with potential investors, including major institutions like ICICI Prudential Life, LIC, and Kotak MF, through non-deal roadshows from December 2024 to March 2025. The capital raise aims to strengthen UCO Bank's financial position, potentially supporting lending expansion and regulatory compliance.

27Feb 25

UCO Bank's ₹2,000 Crore QIP Likely Pushed to Next Fiscal Year

UCO Bank's planned ₹2,000 crore Qualified Institutional Placement (QIP) is facing delays and is unlikely to materialize in the current fiscal year. The bank has postponed its foreign roadshows from February to March or later. The QIP aims to reduce the government's stake by about 3% to comply with SEBI's public shareholding norms. This delay could impact regulatory compliance, capital adequacy, and market perception of the bank.