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Top News In Uco Bank Today - Breaking & Trending Today
Shares of PSU banks jumped up to 13% on Wednesday ahead of Thursday s monetary policy meeting by the Reserve Bank of India (RBI) where the Central Bank is expected to strike a dovish note. Moreover, bond yields drifted lower on Wednesday which led to heightened investor enthusiasm. ....
Private sector investment surges in India, buoyed by revived animal spirits as coined by economist Keynes. Chief Economic Adviser Anantha Nageswaran notes a robust 7% GDP growth, citing indicators like PMI and stock market performance. Finance Minister Sitharaman echoes optimism in the interim Budget, anticipating greater credit availability with reduced government borrowings. Amidst sectoral growth in steel, cement, and petroleum, improved bank balance sheets signal readiness for risk-taking, fostering economic expansion. ....
Bank of Maharashtra (BoM) has recorded the highest growth rate in terms of deposit mobilisation among public sector lenders at a time when most lenders are facing difficulty in achieving double-digit growth. Out of 12 public sector banks, only BoM and State Bank of India (SBI) could log a double-digit growth in deposits in the third quarter ended December 2023. ....
UCO Bank share price: The stock surged 5.65 per cent to hit a 52-week high of Rs 51.60. At this price, the scrip has gained 25.21 per cent in five consecutive trading sessions. ....