Company Overview and News


Add UCOBANK
to your dashboard

Headline News

Plan to do a QIP of Rs 500 crore this quarter: UCO Bank

2018-01-08 moneycontrol
Government has announced additional Rs 80,000 crore capital infusion via recap bonds for public sector banks. Sapna Das of CNBC-TV18 caught up with RK Takkar, CMD of UCO Bank and asked about how this additional capital will help the bank and the sector as a whole.

What changed for the market while you were sleeping? 15 things you should know

2018-01-08 moneycontrol
Indian markets hit a fresh record closing high last Friday to sign off on a bullish note. The index rose 0.27 percent for the week ended January 5. The Nifty made a small bullish candle on the daily candlestick charts and a Hanging Man kind of patterns on the weekly charts. (2-0)

Credit growth took off post bank recapitalisation: Govt

2018-01-06 thehindubusinessline
The Centre’s move to recapitalise public sector banks (PSBs) has resulted in a surge in credit growth, a sign of revival of private sector investment in the country, a top finance ministry official said today. (2-0)

Jaitley sees "green shoots" in economy

2018-01-06 thehindubusinessline
Finance Minister Arun Jaitley on Saturday expressed optimism of a turnaround in the economy after recent structural changes that created a “transient hiatus”.

News highlights of the day: BSE NSE ask members to trade cautiously in 200 illiquid stocks

2018-01-04 moneycontrol
India may have to give freer rein to the rupee this year to avoid triggering US accusations that they’re manipulating their currencies to support exports, reports Bloomberg. The Reserve Bank of India has already exceeded a key threshold on how much it can intervene to curb the rupee’s gains that the US monitors, according to Nomura Holdings. (80-0)

News Live: BSE NSE ask members to trade cautiously in 200 illiquid stocks

2018-01-04 moneycontrol
India may have to give freer rein to the rupee this year to avoid triggering US accusations that they’re manipulating their currencies to support exports, reports Bloomberg. The Reserve Bank of India has already exceeded a key threshold on how much it can intervene to curb the rupee’s gains that the US monitors, according to Nomura Holdings. (80-0)

PSU bank stocks in limelight; shares gain up to 8.5%

2018-01-04 moneycontrol
The shares of state-run banks surged up to 8.5 percent today after the finance ministry sought the Parliament's nod for the extra expenditure of Rs 80,000 crore towards their recapitalisation through bonds. (4-0)

Sensex marks first gain of 2018, rebounds 176 points

2018-01-04 freepressjournal.in
Mumbai: Benchmark Sensex reversed a three- session slide to end at 33,970 today after the government moved forward on its bank recapitalisation programme. (33-0)

India seeks parliament nod to spend $12.6 billion on bank recapitalisation plan

2018-01-04 in.reuters
NEW DELHI (Reuters) - The government asked parliament on Thursday for 800 billion rupees ($12.62 billion) that it plans to spend by March as part of a two-year programme to recapitalise state banks to help them deal with bad debts and revive credit growth. (2-0)

Market Live: Sensex, Nifty steady around day#39;s high points; metals rally

2018-01-04 moneycontrol
2:24 pm Market Check: Benchmark indices have continued to hold on to the strong momentum, with the Sensex trading over 100 points higher, while the Nifty is hovering near the 10,500-mark. (7-0)

Market Live: Sensex extends gains, Nifty nears 10,500; Europe opens higher

2018-01-04 moneycontrol
1:55 pm Europe higher: European markets opened higher on Thursday morning, as investors reacted to robust economic data from both sides of the Atlantic, while oil prices hovered around two-and-a-half year highs amid unrest in Iran. (7-0)

News Live: Banks asked not to move NCLT against JP Associates, says report

2018-01-04 moneycontrol
The Reserve Bank of India has ordered banks not to initiate bankruptcy proceedings against Jaiprakash Associates, reports The Economic Times. The move is possibly in anticipation of legal complications after a Supreme Court ruling barred its promoters from selling or transferring assets, bankers said. The ruling was aimed at safeguarding the interests of buyers of homes being built by the company. (54-0)

News Live: FinMin seeks Parliament nod for Rs 80,000cr PSB recap

2018-01-04 moneycontrol
The Finance Ministry is seeking Parliament nod for its Rs 80,000 crore public sector banks recapitalisation programme. It is seeking the additional expenditure via the third batch of supplementary demands. (54-0)

Market Update: BSE Smallcap Index hits record high; SJVN zooms 12%, SBI, Tata Steel most active

2018-01-04 moneycontrol
The Indian benchmark indices on Thursday afternoon were trading on a positive note on Monday with the Sensex adding 87 points and was trading at 33883 while the Nifty gained 23 points and was trading at 10466. (17-0)

News Live: Loss from Wed#39;s Maharashtra bandh pegged around Rs 1,000cr

2018-01-04 moneycontrol
The day-long Maharashtra shut-down called by various Dalit parties may have caused an estimated loss of Rs 700 crore to Rs 1,000 crore, trade bodies told The Daily News & Analysis. Shops and establishments, malls, hotels and restaurants, cinema houses and multiplexes were impacted the most. (54-0)