UCO Bank

July 9 (Reuters) - UCO Bank UCBK.NS:

• UCO BANK - INCREASES ONE YEAR MCLR TO 8.80% EFFECTIVE JULY 10, 2026

Source text: ID:nBSE1M59r7

Further company coverage: UCBK.NS

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July 2 (Reuters) - UCO Bank UCBK.NS:

• UCO BANK - TOTAL ADVANCES UP 21.33% Y/Y AS OF JUNE 30

• BANK - TOTAL DEPOSIT UP 11.04% Y/Y AS OF JUNE END

Source text: ID:nBSE5vb1D2

Further company coverage: UCBK.NS

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June 19 (Reuters) - UCO Bank UCBK.NS:

• UCO BANK - INDIA GOVERNMENT ASSIGNS ADDITIONAL CHARGE OF MANAGING DIRECTOR, CEO TO RAJENDRA KUMAR SABOO

Source text: ID:nNSE4kZFTV

Further company coverage: UCBK.NS

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June 1 (Reuters) - UCO Bank UCBK.NS:

• UCO BANK - ASHWANI KUMAR CEASES AS MD AND CEO

Source text: ID:nNSE6WD1bG

Further company coverage: UCBK.NS

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May 7 (Reuters) - UCO Bank UCBK.NS:

• UCO BANK - KEEPS ONE YEAR MCLR UNCHANGED

Further company coverage: UCBK.NS

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May 5 (Reuters) - UCO Bank UCBK.NS:

• TAX DEMAND REDUCED FROM 14.73 BILLION RUPEES TO 48.6 MILLION RUPEES PLUS INTEREST AND PENALTY

Source text: ID:nBSEbtHjZq

Further company coverage: UCBK.NS

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April 21 (Reuters) - UCO Bank UCBK.NS:

• TO CONSIDER BOND/CAPITAL RAISING PLAN

Source text: ID:nBSE45sMv7

Further company coverage: UCBK.NS

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April 10 (Reuters) - UCO Bank UCBK.NS:

• MCLR RATES REMAIN UNCHANGED EFFECTIVE APRIL 10, 2026

Source text: ID:nNSE7QDR3Q

Further company coverage: UCBK.NS

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April 6 (Reuters) - UCO Bank UCBK.NS:

• TOTAL DEPOSIT UP 11.22% Y/Y AS OF MARCH 31

• TOTAL ADVANCES UP 19.09% YOY AS OF MARCH END

Source text: ID:nBSErxbdB

Further company coverage: UCBK.NS

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March 10 (Reuters) - UCO Bank UCBK.NS:

• KEEPS ONE-YEAR MCLR UNCHANGED EFFECTIVE MARCH 10

Source text: ID:nBSE4YZs38

Further company coverage: UCBK.NS

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Feb 20 (Reuters) - UCO Bank UCBK.NS:

• RESERVE BANK OF INDIA IMPOSES MONETARY PENALTY ON UCO BANK FOR 3.9 MILLION RUPEES

Further company coverage: UCBK.NS

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Feb 11 (Reuters) - UCO Bank UCBK.NS:

• UCO BANK - NOTICE OF STRIKE BY AIBEA, BEFI AND AIBOA

• UCO BANK - STRIKE MAY AFFECT FUNCTIONING OF BRANCHES AND OFFICES

Source text: ID:nBSEw8PMc

Further company coverage: UCBK.NS

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Jan 2 (Reuters) - UCO Bank UCBK.NS:

• UCO BANK - TOTAL ADVANCES GREW 16.27% Y-O-Y AS OF DEC-END

• UCO BANK - TOTAL DEPOSITS GREW 10.71% Y-O-Y AS OF DEC-END

Source text: ID:nNSE52X7Sp

Further company coverage: UCBK.NS

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Adds details in paragraphs 2-9

NEW DELHI, Sept 22 (Reuters) - The Indian government is planning to sell minority stakes in about half a dozen state-run companies, divestment secretary Arunish Chawla told television channel CNBC-TV18 on Monday.

Chawla did not disclose which companies will be considered for the sale of stakes, but Reuters has previously reported that India has plans to sell shares in five public sector banks including UCO BankUCBK.NS and Bank of MaharashtraBMBK.NS.

India also has to reduce its shareholding in the country's largest insurer, Life Insurance Corporation of India LIFI.NS, to meet the market regulator's minimum public shareholding norms.

Chawla said the government will make an initial public offering (IPO) of a state-run firm in the natural resources sector in the current financial year. The IPO could be of a state-run company or their subsidiaries, he added.

Chawla did not name the company, but ONGC ONGC.NS and NHPC NHPC.NS have been exploring listing of their green arms, ONGC Green Energy and NHPC Renewable Energy, respectively.

Minority stake sales and IPOs will help boost divestment proceeds for the government. India plans to raise 470 billion rupees through stake sales and asset monetisation in the current financial year through March 31, 2026.

India's receipts from dividends it receives from public sector companies would exceed its projected target, Chawla said. India has estimated 690 billion rupees ($7.83 billion) through dividends from state-run firms in the current financial year.

($1 = 88.1363 Indian rupees)

(Reporting by Nikunj Ohri, Editing by YP Rajesh & Shri Navaratnam)

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Aug 18 (Reuters) - Mahanagar Telephone Nigam Ltd (MTNL) MTNL.NS has defaulted on loan repayments worth 86.59 billion rupees ($990.48 million) to a group of seven public sector banks, the state-run telecom company said on Monday.

In July, MTNL had disclosed defaults of 85.85 billion rupees to the same lenders.

The default includes 77.94 billion rupees in principal and 8.65 billion rupees in overdue interest to lenders including Union Bank of India UNBK.NS, Bank of India BOI.NS, Punjab National Bank PNBK.NS and State Bank of India SBI.NS.

The debt-laden operator, which has long struggled with falling subscriber numbers, mounting losses and shrinking relevance in India’s highly competitive telecom market, has been surviving largely on government support and debt roll-overs.

MTNL’s total debt has risen to 345.77 billion rupees ($3.96 billion) as of July 31, from 344.84 billion rupees in June-end, which also includes sovereign-guaranteed bonds and loans from the Department Of Telecommunications.

($1 = 87.4225 Indian rupees)

(Reporting by Aleef Jahan in Bengaluru; Editing by Janane Venkatraman)

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Aug 7 (Reuters) - UCO Bank UCBK.NS:

• ONE YEAR MCLR RATE AT 8.95%, EFFECTIVE AUG 10

Source text: ID:nBSE182MYy

Further company coverage: UCBK.NS

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Aug 1 (Reuters) - Vakrangee Limited VAKR.NS:

• VORTEX SIGNS AGREEMENT WITH UCO BANK FOR 300 ATMS

• TOTAL CONTRACT VALUE 128.1 MILLION RUPEES

Source text: ID:nBSEbgjgSM

Further company coverage: VAKR.NS

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July 21 (Reuters) - UCO Bank UCBK.NS:

• UCO BANK - DOMESTIC NIM AT 3.18% FOR Q1

Source text: ID:nBSE582MLg

Further company coverage: UCBK.NS

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BENGALURU, July 15 (Reuters) - India's Mahanagar Telephone Nigam MTNL.NS has defaulted on loans totaling 85.85 billion rupees ($1 billion), the public-sector telecom firm said on Tuesday.

The loans were made by seven public sector, with Union Bank of India UNBK.NS and Indian Overseas Bank IOBK.NS having the biggest exposure, MTNL said in an exchange filing.

($1 = 85.8860 Indian rupees)

(Reporting by Nishit Navin; Editing by Anil D'Silva)

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Adds more details from source, background in paragraphs 3-4

July 9 (Reuters) - Indian state-owned banks will raise around 450 billion rupees ($5.25 billion) through qualified institutional placement (QIP) of shares in the 2025-26 financial year, a government source told reporters on Wednesday.

State Bank of India SBI.NS, the country's biggest lender by assets, will launch its QIP soon, the source said. The bank had in May approved raising 250 billion rupees in equity capital this year.

The government will also complete its stake sale in IDBI Bank by October and also plans to sell shares in UCO Bank, Bank of Maharashtra, Central Bank of India, Punjab & Sind Bank and Indian Overseas Bank in the financial year, the source added.

Prime Minister Narendra Modi's government laid out plans in this year's budget to raise 470 billion rupees through stake sales and asset monetisation.

India's finance ministry and SBI did not immediately respond to Reuters requests for comment outside office hours.

($1 = 85.6900 Indian rupees)

(Reporting by Nikunj Ohri in New Delhi; Writing by Chris Thomas; Editing by Shailesh Kuber)

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July 3 (Reuters) - UCO Bank UCBK.NS:

• TOTAL ADVANCES AS ON JUNE 30 UP 16.58% Y/Y

• TOTAL DEPOSIT AS ON JUNE 30 UP 11.57% Y/Y

Source text: ID:nBSE9LpRWF

Further company coverage: UCBK.NS

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June 6 (Reuters) - UCO Bank UCBK.NS:

• UCO BANK - ONE YEAR MCLR REVISED TO 9% EFFECTIVE 10.06.2025

Source text: ID:nNSE6gtPz1

Further company coverage: UCBK.NS

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April 9 (Reuters) - UCO Bank UCBK.NS:

• REVISES ONE YEAR MCLR TO 9.10%, WEF APRIL 10

Source text: [ID:]

Further company coverage: UCBK.NS

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March 27 (Reuters) - UCO Bank UCBK.NS:

• APPROVES CLOSURE OF QIP ISSUE PERIOD

Source text: ID:nBSE9DgGvj

Further company coverage: UCBK.NS

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March 24 (Reuters) - UCO Bank UCBK.NS:

• UCO BANK - SETS FLOOR PRICE FOR QIP AT 36.07 RUPEES PER EQUITY SHARE

• UCO BANK- APPROVED OPENING OF QIP ON MARCH 24

• UCO BANK - MAY OFFER DISCOUNT OF UP TO 5% FOR QIP

Source text: ID:nNSE7p6XTH

Further company coverage: UCBK.NS

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March 10 (Reuters) - UCO Bank UCBK.NS:

• UCO BANK - KEEPS 1YR MCLR UNCHANGED AT 9.1%

Source text: ID:nBSE4RLSJD

Further company coverage: UCBK.NS

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NEW DELHI, Feb 25 (Reuters) - India has invited bids to appoint merchant bankers and legal advisers to sell the government's minority shareholding in select public sector banks and financial companies.

The government is looking to undertake minority stake sales in state-run banks and financial firms through an offer for sale, according to a document published on Monday on the Department of Investment and Public Asset Management's website, which did not name the lenders.

The federal finance ministry is looking dilute minority shareholdings in Central Bank of India CBI.NS, Indian Overseas Bank IOBK.NS, UCO Bank UCBK.NS, and Punjab and Sind Bank PUNA.NS, Reuters reported in November.

The plan to lower the government’s stake in banks and financial companies is required to comply with public shareholding norms mandated by the markets regulator.

The Securities and Exchange Board of India requires companies to maintain a 25% public shareholding, but has exempted government-owned firms from meeting these norms till August 2026.

The Indian government owns more than 93% in Central Bank of India, 96.4% in Indian Overseas Bank, 95.4% in UCO Bank and 98.3% in Punjab and Sind Bank. It also owns an 80% stake in Bank of Maharashtra BMBK.NS.

In the past, public sector banks launched qualified institutional placements (QIP) to raise capital, which, in turn, reduced the government's stake in state-run banks.

Merchant bankers and legal advisers will be appointed for three years and are required to submit their bids by March 27, the document said.

India has ditched its ambitious privatisation plans and put on hold a majority stake sale in at least nine state-owned units after opposition from relevant ministries.

Instead, it is continuing with minority stake sales in state-run companies. As of February, the government mopped up 86.25 billion rupees ($993.2 million) via stake sales in the 2024-25 financial year.

($1 = 86.8420 Indian rupees)

(Reporting by Nikunj Ohri; Editing by Sonia Cheema)

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Jan 21 (Reuters) - UCO Bank UCBK.NS:

• Q3 NET PROFIT 6.39 BILLION RUPEES

• Q3 GROSS NPA 2.91%

• Q3 INTEREST EARNED 62.2 BILLION RUPEES

• Q3 PROVISIONS AND CONTINGENCIES 5.90 BILLION RUPEES

• Q3 PROVISIONS FOR NPA 2.63 BILLION RUPEES

Source text: ID:nBSE5KDS8H

Further company coverage: UCBK.NS

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Jan 3 (Reuters) - UCO Bank UCBK.NS:

• UCO BANK - TOTAL ADVANCES UP 16.20% YOY AS OF DEC-END

• UCO BANK - TOTAL DEPOSIT UP 9.37% Y/Y AS OF DEC END

Source text: [ID:]

Further company coverage: UCBK.NS

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