Tag
UCO Bank
5 articles
UCO Bank's recent financial performance demonstrates robust growth, with advances increasing by a significant 24.7% year-over-year in the second quarter of fiscal year 2027, driven primarily by domestic lending. While the bank's deposit growth lags behind advances, the improved CD ratio suggests enhanced funding efficiency. However, legal challenges persist, as the Supreme Court declined to interfere with disciplinary action against an employee and the High Court dismissed a petition to quash an FIR against a former official, potentially creating reputational and financial risks. These developments highlight a mixed picture for investors, balancing strong business momentum with ongoing legal scrutiny.
NCLAT Adjourns Ramen Deka vs UCO Bank Appeal
NCLAT adjourned Insolvency Appeal No. 1859 of 2026 filed by Ramen Deka against UCO Bank due to appellant's non-appearance.
The Tribunal did not pass any adverse order despite appellant's absence and l
Supreme Court Bars Discipline for UCO Bank Employee
Supreme Court heard SLPs filed by Geeta Chaurasia against UCO Bank concerning disciplinary action for delayed posting.
Court declined to interfere with the High Court's impugned order on merits and th
Ashok Singh Manhas FIR Quash Petition Dismissed
The High Court of J&K rejected Ashok Singh Manhas’s petition to quash FIR No.RC0042011A0003 and related CBI charges.
Court upheld charges under Sections 120‑B, 420, 467‑471 RPC and J&K Prevention of C
UCO Bank Q2 Business Growth Advances 24.7%
UCO Bank reports provisional Q2 FY2027 business growth with total advances up 24.68% YoY to ₹2.88 lakh crore.
Total deposits increased 14.05% YoY to ₹3.49 lakh crore while CD ratio improved to 82.37%
UCO Bank ALCO Revises Select Benchmark Rates
UCO Bank's ALCO reviewed benchmark rates, keeping MCLR rates unchanged across all tenors.
Revised TBLR rates for 3-month and 12-month tenors and G-Sec linked rates effective from August 7, 2026.
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