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PFC deals with the borrowers as the project partner and supports the project till it gets complete: Mr. Rajiv Ranjan Jha, Director (Projects), Power Finance Corporation Limited During the seminar on “Credit Expansion: Propelling the growth of Indian Economy” organized by The Banking, Financial Services & Insurance (BFSI) Committee of the PHDCCI on 2nd September, 2023, Mr. Rajiv Ranjan Jha, Director (Projects), Power Finance Corporation Limited said that PFC deals with the borrowers as the project partner and supports the project till it gets complete. Mr. Jha, in his keynote address said that ...
PFC deals with the borrowers as the project partner and supports the project till it gets complete: Mr. Rajiv Ranjan Jha, Director (Projects), Power Finance Corporation Limited
PFC deals with the borrowers as the project partner and supports the project till it gets complete: Mr. Rajiv Ranjan Jha, Director (Projects), Power Finance Corporation Limited
Source: PR Agency
5/09/2023 12:39:56 PM
PSU bank stocks best performers in trade while private sector banks down after RBI raises CRR provision Public sector banks are up in trade but private sector banks are down following RBI's decision to hike CRR provision to curb liquidity. Among private sector banks, Indusind Bank is top loser in Sensex, down 1.5 per cent. ICICI Bank, Axis Bank and HDFC Bank are also trading down. On the other hand, PSU banks are flying. Indian Overseas Bank is up more than 11 per cent, Central Bank of India is up more than 7 per cent, UCO Bank is up more than 5 per cent, Punjab and Sind Bank is up 4....
PSU bank stocks best performers in trade while private sector banks down after RBI raises CRR provision
PSU bank stocks best performers in trade while private sector banks down after RBI raises CRR provision
Source: IANS
11/08/2023 2:09:29 PM
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank Eighteen of India's 20 largest banks saw increases in market capitalization in the second quarter, boosted by a stock rally amid the banking sector's strong recovery, according to S&P Global Market Intelligence data and analysis. Nine banks reported double-digit percentage gains in market capitalization, led by IDFC First Bank Ltd. with a 44.53% climb to $6.41 billion. The lender rose to No. 11 from No. 14 in the ranking. IDBI Bank Ltd. climbed three spots to No. 8 after a 2...
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Nine banks reported double-digit percentage gains in market capitalization led by IDFC First Bank
Source: IANS
13/07/2023 4:40:40 PM
Uco Bank Posts Highest Ever Annual Net Profit UCO Bank has posted highest ever Annual net profit of Rs.1862.34Crore for the year FY23as against Rs.929.76Crore for Year FY22 registeringy-o-y growth of 100.30%. Global businesstouched Rs.4,10,967.19Crore as on 31.03.2023 as against Rs. 3,53,850.24Crore as on 31.03.2022 registering y-o-y growth of 16.14%. This is again highest ever in the history of the Bank. Global Deposits scaled to highest level of Rs.2,49,337.74Crore as on 31.03.2023 as against Rs. 2,24,072.90 Crore ...
Uco Bank Posts Highest Ever Annual Net Profit
Uco Bank Posts Highest Ever Annual Net Profit
Source: PR Agency
2/05/2023 8:29:10 PM
Indian banks` fundraising spree to continue in Jan-Mar to enhance capital Indian banks could continue to actively raise funds via debt markets in the January-March quarter as they look to strengthen their capital base and finance credit demand under existing favourable market conditions, analysts and bankers said. "Apart from credit growth and refinancing, the market condition is conducive, if you look at the long-term rates for bonds," said Soumyajit Niyogi, director, core Analytical Group at India Ratings and Research. "So they are beefing up ca...
Indian banks` fundraising spree to continue in Jan-Mar to enhance capital
Indian banks` fundraising spree to continue in Jan-Mar to enhance capital
Source: Reuters
29/12/2022 3:13:28 PM
India's HDFC Bank, Canara Bank get approval for rupee trade with Russia - report India's central bank has allowed HDFC Bank Ltd and Canara Bank Ltd to open a special "vostro account" for trade in rupees with Russia, local newspaper Business Standard reported on Monday, citing banking industry sources. Vostro accounts are held by a bank on behalf of another, often foreign bank, and this forms a key part of correspondent banking. The Reserve Bank of India (RBI), HDFC Bank and Canara Bank did not immediately respond to Reuters requests for comment. The...
India's HDFC Bank, Canara Bank get approval for rupee trade with Russia - report
India's HDFC Bank, Canara Bank get approval for rupee trade with Russia - report
Source: Reuters
22/11/2022 9:03:13 AM
Crunching Numbers: 12 PSBs end September quarter notching up Rs 25K+ cr net profit It looks like sunshine days for the Indian banking sector after having struggled with a seemingly never-ending gloom of rising non-performing assets (NPAs) and the Covid-19 pandemic, which hit their profits hard. The September quarter results of public sector banks (PSBs) seem to have brought cheer for the Indian banking sector with all the major 12 PSBs recording net profits worth Rs 25,685 crore during the period under review. On September 7, Finance Minister Nirmala Sitharaman had la...
Crunching Numbers: 12 PSBs end September quarter notching up Rs 25K+ cr net profit
Crunching Numbers: 12 PSBs end September quarter notching up Rs 25K+ cr net profit
Source: IANS
19/11/2022 1:43:52 PM
PSB stocks on 52-week high riding on record profits, double-digit loan growth Public sector bank stocks have rallied more than 25 per cent post their stellar Q2 financial results with net profit jumping by 50 per cent. Union Bank of India stock price is up by 60.8 per cent over the last month among the PSU bank stocks. Bank of India is up by 56.1 per cent during the month while UCO Bank is up by 32.4 per cent. The Nifty PSU Bank index made a new 52-week high on Friday. The index was up by 21.35 per cent last month. Amber Pabreja, Founder and CEO of Trendlyne, ...
PSB stocks on 52-week high riding on record profits, double-digit loan growth
PSB stocks on 52-week high riding on record profits, double-digit loan growth
Source: IANS
19/11/2022 12:34:30 PM
Happy days now, but challenging times ahead for public sector banks Arbitrage between the lending and deposit rates, higher credit demand, and lower loan provisions resulted in public sector banks (PSB) posting handsome profits during Q2FY23 and H1FY23, say experts. However, the happy times for the government banks may not continue for much long as competition will soon emerge for deposits, and loans, which, in turn, would increase the cost of funds and reduce the margins, the experts added. Further maintaining good employee relations by the PSB managem...
Happy days now, but challenging times ahead for public sector banks
Happy days now, but challenging times ahead for public sector banks
Source: IANS
19/11/2022 12:17:19 PM
Indian refiners becoming wary of buying Russian oil as EU sanctions loom - sources Indian refiners are wary of buying Russia crude oil loading after Dec. 5 when European Union sanctions take effect, pending clarity on the proposed G7 price cap mechanism, according to sources familiar with the refiners' crude purchase plans. Chinese refiners have already begun slowing down Russian oil imports from next month. The Asian giants, who are two of the world's top three importers, had become Russia's biggest customers after the West shunned Russian oil after the o...
Indian refiners becoming wary of buying Russian oil as EU sanctions loom - sources
Indian refiners becoming wary of buying Russian oil as EU sanctions loom - sources
Source: Reuters
17/11/2022 9:57:47 AM
IL&FS commences interim distribution payout IL&FS has commenced Interim Distribution pay-out with Rapid Metro Gurgaon Rail Ltd (RMGL), an IL&FS Group company. The Group has completed distribution of Rs 623.38 crore, on an interim basis, to the secured lenders/secured financial creditors of RMGL comprising Union Bank of India, Bank of India, Indian Bank, Punjab & Sind Bank, UCO Bank, Bank of Baroda, Punjab National Bank and Indian Overseas Bank. The total claims of these lenders was Rs 715 crore. This distribution o...
IL&FS commences interim distribution payout
IL&FS commences interim distribution payout
Source: IANS
14/11/2022 12:05:24 PM
Finance minister lauds state-owned banks for recording profits Finance Minister Nirmala Sitharaman on Monday lauded all 12 public sector banks for recording combined net profits worth Rs 25,685 crore in the second quarter of the current fiscal. In a series of tweets, she said, "The continuous efforts of our government for reducing the NPAs and further strengthening the health of PSBs are now showing tangible results. All 12 PSBs declared net profit of Rs 25,685 cr in Q2FY23". She said that the combined net profits of public sector banks r...
Finance minister lauds state-owned banks for recording profits
Finance minister lauds state-owned banks for recording profits
Source: IANS
7/11/2022 4:50:33 PM
UCO Bank gains on reporting over 2-fold jump in Q2 standalone net profit UCO Bank is currently trading at Rs. 15.11, up by 0.17 points or 1.14% from its previous closing of Rs. 14.94 on the BSE. The scrip opened at Rs. 14.96 and has touched a high and low of Rs. 15.48 and Rs. 14.96 respectively. So far 1831531 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.48 on 07-Nov-2022 and a 52 week low of Rs. 10.52 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 15.48 ...
UCO Bank gains on reporting over 2-fold jump in Q2 standalone net profit
UCO Bank gains on reporting over 2-fold jump in Q2 standalone net profit
Source: Accord Fintech
7/11/2022 12:39:05 PM
Rupee trade paves the way to Russia The efforts of the Indian central bank to promote trade in rupees are bringing results, with state-run UCO Bank receiving necessary RBI approvals to open a special rupee vostro account in Russia's Gazprombank. This will help to facilitate growing trade between the two countries and discover new industry areas of cooperation. The Reserve Bank of India put a mechanism in place for international trade settlements in Indian rupees (INR) in July 2022 to meet the long-term goal of internatio...
Rupee trade paves the way to Russia
Rupee trade paves the way to Russia
Source: IANS
5/10/2022 10:13:44 AM
Indian refiners pay dollars for Russian oil after dirham attempts fail Indian companies are still buying Russian oil using dollars after Dubai's Mashreq Bank declined to handle payments from at least two refiners in Emirati Dirhams as requested by the supplier, according to three sources familiar with the matter. Russia has been hit by sanctions from the United States and allies following its invasion of Ukraine, and Moscow has requested some buyers of its commodities pay using roubles or other currencies than the dollar and euro which its contracts are t...
Indian refiners pay dollars for Russian oil after dirham attempts fail
Indian refiners pay dollars for Russian oil after dirham attempts fail
Source: Reuters
29/09/2022 9:17:19 AM
Maha, Delhi top defaulters as banks` dues mount to Rs 8.58 lakh crore As banks' outstanding dues shot up to a whopping Rs 8.58 lakh crore, Maharashtra and Delhi top the list of defaulters, as per the latest official data of TransUnion CIBIL Ltd. The figures show that as on March 31, 2022, there were 30,359 records of borrowers with defaults of Rs one crore and above, with recovery suits filed against them by various banks, totalling to outstanding of Rs 858,396.32 crore. This amount has more than tripled since March 31, 2017 -- from 17,236 accounts ...
Maha, Delhi top defaulters as banks` dues mount to Rs 8.58 lakh crore
Maha, Delhi top defaulters as banks` dues mount to Rs 8.58 lakh crore
Source: IANS
28/09/2022 3:19:35 PM
Mahindra & Mahindra gains on collaborating with UCO Bank Mahindra & Mahindra is currently trading at Rs. 1306.00, up by 6.05 points or 0.47% from its previous closing of Rs. 1299.95 on the BSE. The scrip opened at Rs. 1282.20 and has touched a high and low of Rs. 1309.25 and Rs. 1280.15 respectively. So far 71308 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 5 has touched a 52 week high of Rs. 1365.90 on 09-Sep-2022 and a 52 week low of Rs. 671.00 on 08-Mar-2022. Last one week high and low of the ...
Mahindra & Mahindra gains on collaborating with UCO Bank
Mahindra & Mahindra gains on collaborating with UCO Bank
Source: IANS
14/09/2022 11:29:59 AM
UCO Bank gains as its shareholders approves equity capital raising plan for FY23 UCO Bank is currently trading at Rs. 11.46, up by 0.11 points or 0.97% from its previous closing of Rs. 11.35 on the BSE. The scrip opened at Rs. 11.48 and has touched a high and low of Rs. 11.48 and Rs. 11.05 respectively. So far 23648 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.30 on 27-Oct-2021 and a 52 week low of Rs. 10.52 on 20-Jun-2022. Last one week high and low of the scrip stood at Rs. 11.50 an...
UCO Bank gains as its shareholders approves equity capital raising plan for FY23
UCO Bank gains as its shareholders approves equity capital raising plan for FY23
Source: Accord Fintech
13/07/2022 9:54:47 AM
UCO Bank inches up on inking co-lending agreement with Paisalo Digital UCO Bank is currently trading at Rs. 11.49, up by 0.06 points or 0.52% from its previous closing of Rs. 11.43 on the BSE. The scrip opened at Rs. 11.43 and has touched a high and low of Rs. 11.50 and Rs. 11.43 respectively. So far 4276 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.85 on 30-Jun-2021 and a 52 week low of Rs. 10.91 on 12-May-2022. Last one week high and low of the scrip stood at Rs. 11.74 and...
UCO Bank inches up on inking co-lending agreement with Paisalo Digital
UCO Bank inches up on inking co-lending agreement with Paisalo Digital
Source: Accord Fintech
25/05/2022 9:59:39 AM
UCO Bank jumps on reporting above 4-fold jump in Q4 consolidated net profit UCO Bank is currently trading at Rs. 11.67, up by 0.18 points or 1.57% from its previous closing of Rs. 11.49 on the BSE. The scrip opened at Rs. 11.79 and has touched a high and low of Rs. 11.81 and Rs. 11.59 respectively. So far 455703 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.85 on 30-Jun-2021 and a 52 week low of Rs. 10.91 on 12-May-2022. Last one week high and low of the scrip stood at Rs. 11.81 a...
UCO Bank jumps on reporting above 4-fold jump in Q4 consolidated net profit
UCO Bank jumps on reporting above 4-fold jump in Q4 consolidated net profit
Source: Accord Fintech
16/05/2022 1:27:20 PM
UCO Bank surges on raising Rs 100 crore through bond UCO Bank is currently trading at Rs. 12.04, up by 0.17 points or 1.43% from its previous closing of Rs. 11.87 on the BSE. The scrip opened at Rs. 11.86 and has touched a high and low of Rs. 12.15 and Rs. 11.86 respectively. So far 313234 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.85 on 30-Jun-2021 and a 52 week low of Rs. 10.60 on 19-Apr-2021. Last one week high and low of the scrip stood at Rs. 12.39 a...
UCO Bank surges on raising Rs 100 crore through bond
UCO Bank surges on raising Rs 100 crore through bond
Source: Accord Fintech
1/04/2022 11:58:12 AM
UCO Bank trades in green on raising Rs 400 crore through bonds UCO Bank is currently trading at Rs. 11.89, up by 0.05 points or 0.42% from its previous closing of Rs. 11.84 on the BSE. The scrip opened at Rs. 11.85 and has touched a high and low of Rs. 11.94 and Rs. 11.85 respectively. So far 96046 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.85 on 30-Jun-2021 and a 52 week low of Rs. 10.60 on 19-Apr-2021. Last one week high and low of the scrip stood at Rs. 12.04 an...
UCO Bank trades in green on raising Rs 400 crore through bonds
UCO Bank trades in green on raising Rs 400 crore through bonds
Source: Accord Fintech
23/03/2022 11:03:01 AM
UCO Bank gains on inking pact to acquire 3% stake in IDRCL UCO Bank is currently trading at Rs. 11.92, up by 0.02 points or 0.17% from its previous closing of Rs. 11.90 on the BSE. The scrip opened at Rs. 11.90 and has touched a high and low of Rs. 12.03 and Rs. 11.82 respectively. So far 265179 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.85 on 30-Jun-2021 and a 52 week low of Rs. 10.60 on 19-Apr-2021. Last one week high and low of the scrip stood at Rs. 12.14 a...
UCO Bank gains on inking pact to acquire 3% stake in IDRCL
UCO Bank gains on inking pact to acquire 3% stake in IDRCL
Source: Accord Fintech
11/03/2022 11:46:50 AM
UCO Bank gains on extending partnership with Fisdom UCO Bank is currently trading at Rs. 12.02, up by 0.17 points or 1.43% from its previous closing of Rs. 11.85 on the BSE. The scrip opened at Rs. 11.95 and has touched a high and low of Rs. 12.14 and Rs. 11.91 respectively. So far 78977 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 15.85 on 30-Jun-2021 and a 52 week low of Rs. 10.60 on 19-Apr-2021. Last one week high and low of the scrip stood at Rs. 12.28 an...
UCO Bank gains on extending partnership with Fisdom
UCO Bank gains on extending partnership with Fisdom
Source: Accord Fintech
3/03/2022 11:34:58 AM
UCO Bank jumps on launching RuPay Select Contactless Debit Card UCO Bank is currently trading at Rs. 13.27, up by 0.04 points or 0.30% from its previous closing of Rs. 13.23 on the BSE. The scrip opened at Rs. 13.23 and has touched a high and low of Rs. 13.30 and Rs. 13.15 respectively. So far 447258 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.30 on 19-Feb-2021 and a 52 week low of Rs. 10.60 on 19-Apr-2021. Last one week high and low of the scrip stood at Rs. 13.57 a...
UCO Bank jumps on launching RuPay Select Contactless Debit Card
UCO Bank jumps on launching RuPay Select Contactless Debit Card
Source: Accord Fintech
13/01/2022 3:58:51 PM
Aadhar Housing Finance & UCO Bank enter into co-lending partnership Mumbai : Aadhar Housing Finance Ltd. & UCO Bank have entered into a co-lending agreement to offer Home Loans at competitive interest rates.Through this partnership, the aim is to reach out to a large section of society for providing easy, convenient, and efficient home finance solutions to customers from the economically weaker, lower and middle-Income groups. The co-lending framework of the Reserve Bank of India provides a tool for the Banks and the non-Banks to collaborate, leverage ...
Aadhar Housing Finance & UCO Bank enter into co-lending partnership
Aadhar Housing Finance & UCO Bank enter into co-lending partnership
Source: PR Agency
12/11/2021 12:08:51 PM
UCO Bank trades higher on reporting above 6-fold jump in Q2 net profit UCO Bank is currently trading at Rs. 14.53, up by 0.15 points or 1.04% from its previous closing of Rs. 14.38 on the BSE. The scrip opened at Rs. 14.51 and has touched a high and low of Rs. 14.57 and Rs. 14.34 respectively. So far 575977 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.30 on 19-Feb-2021 and a 52 week low of Rs. 10.60 on 19-Apr-2021. Last one week high and low of the scrip stood at Rs. 15.30 a...
UCO Bank trades higher on reporting above 6-fold jump in Q2 net profit
UCO Bank trades higher on reporting above 6-fold jump in Q2 net profit
Source: Accord Fintech
29/10/2021 11:00:17 AM
SBI, UCO Bank agree to invest Rs 450 crore in Amrapali projects, SC told The Supreme Court on Monday was told that the State Bank of India (SBI) and the UCO Bank have agreed to invest Rs 450 crore in Amrapali projects, but other banks, who were part of a consortium, are delaying the process. Senior advocate and court-appointed receiver R. Venkataramani submitted before a bench headed by Justice U.U. Lalit that six banks have agreed in principle, but things have not moved in the desired direction for nearly two months. He added that in order to accelerate the pr...
SBI, UCO Bank agree to invest Rs 450 crore in Amrapali projects, SC told
SBI, UCO Bank agree to invest Rs 450 crore in Amrapali projects, SC told
Source: IANS
26/10/2021 9:52:38 AM
UCO Bank shares surge 10% as RBI lifts Prompt Corrective Action restrictions Shares of UCO Bank surged over 10 per cent on Thursday afternoon as the Reserve Bank of India (RBI) decided to bring it out of the Prompt Corrective Action (PCA) framework and lifted the restrictions. Around 12.40 p.m., its shares on the BSE were trading at Rs 14.17 per share, higher by 10.62 per cent from its previous close. Earlier it touched an intraday high of Rs 14.85 per share. On Wednesday, RBI said that it has taken UCO Bank out from the PCA framework and lifted the restricti...
UCO Bank shares surge 10% as RBI lifts Prompt Corrective Action restrictions
UCO Bank shares surge 10% as RBI lifts Prompt Corrective Action restrictions
Source: IANS
9/09/2021 2:45:44 PM
UCO Bank gains on aiming at growth of 7-10% in current fiscal UCO Bank is currently trading at Rs. 13.70, up by 0.18 points or 1.33% from its previous closing of Rs. 13.52 on the BSE. The scrip opened at Rs. 13.80 and has touched a high and low of Rs. 13.89 and Rs. 13.55 respectively. So far 92603 shares were traded on the counter. The BSE group 'A' stock of face value Rs. 10 has touched a 52 week high of Rs. 16.76 on 26-Jun-2020 and a 52 week low of Rs. 10.60 on 19-Apr-2021. Last one week high and low of the scrip stood at Rs. 14.06 an...
UCO Bank gains on aiming at growth of 7-10% in current fiscal
UCO Bank gains on aiming at growth of 7-10% in current fiscal
Source: Accord Fintech
31/05/2021 10:33:28 AM