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UCO Bank Q4 Results: Net profit drops 9% YoY to Rs 526 crore on rise in operating expenses

The bank s total provisions and contingencies were marginally higher at Rs 467 crore as compared with Rs 451 crore in the year-ago quarter, even as provisions to cover bad loans were 44% lower at Rs 227 crore. The lender, however, has announced a dividend after a gap of nine years at 2.8% rate which comes to 28 paise per share of face value Rs 10.

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Stocks in news: Stocks in news: ICICI Securities, ICICI Bank, YES Bank, Ultratech Cement, HCL Tech

Minority shareholders of ICICI Securities led by Bengaluru-based investment manager Manu Rishi Guptha have filed a class action suit with National Company Law Tribunal (NCLT) against ICICI Bank s bid to delist its broking arm from the Indian bourses.

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UCO Bank to infuse fresh capital in FY 25, Q4FY 24 standalone net down 9 5% to Rs 525cr

Subject to shareholder approval, the lender will explore various methods like QIP (Qualified Institutional Placement), FPO (Follow-on Public Offer), etc, for issuing 400 crore equity shares of Rs 10 each, the bank informed bourses.

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UCO Bank Q4 net falls 9 5% to ₹525 77 crore as operating profit declines

UCO Bank Q4 net falls 9 5% to ₹525 77 crore as operating profit declines
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South Kolkata District Commission Holds UCO Bank Liable For Failure To Utilize CBS Facility To Transfer Matured FD Amount

The District Consumer Dispute Redressal Commission-III, South Kolkata (West Bengal) bench comprising Mrs. Monihar Begum (Presiding Member) and Mr. Manish Deb (Member) held UCO Bank liable for.

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