Hours after the Reserve Bank of India (RBI) announced a 25 basis points cut in the repo rate, two major public sector banks -- Bank of India and UCO Bank on Wednesday reduced their lending rates, bringing relief to both existing and new borrowers.
Vigilance Awareness Week was observed at UCO Bank Head Office and Salt Lake Zonal Office from 28 October to 3 November.
Ashwani Kumar, MD & CEO,UCO Bank launched “Project Parivartan”, a major transformation initiative in the existing digital banking facilities offered by the Bank.
Separate discussions will also be held with the five public sector insurance companies over their functioning and the country's insurance laws, the official said citing a document.
The scheme is applicable on domestic retail term deposits including NRE/NRO rupee term deposits below Rs 2 crore.
UCO Bank has posted net profit of Rs.652.97 Crore for Q3FY23 as against Rs.310.39 Crore for Q3FY22 registering growth of…
UCO Bank has made net profit of Rs.504.52 cr during the quarter ended September 2022 as against net profit of Rs.205.39 cr in the quarter ended September 2021 registering a growth of 145.64%.
The total business of the bank has increased to Rs 35,6,677.47 crore as on June 30, 2022 from Rs 33,2,946.17 crore as on June 30, 2021 registering a growth of 7.13 percent.
UCO Bank has announced its financial results for the quarter of year ended March 31,2022. The results are encouraging and look promising as there has been three fold profits despite odds. Bank has made Net Profit of Rs 312.18 Crore during the quarter ended March 2022 as against Net Profit of Rs 80.02 Crore in the quarter ended March 2021 registering a growth of 290.11%.
"A life insurance subsidiary of a government-owned bank hosting a party where scantily clad group of women dancing to entertain the employees of another government-owned bank at a Goa hotel is nothing but atrocious."
