Tag
UCO Bank
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UCO Bank’s first-quarter results demonstrate significant improvements in profitability and asset quality, signaling a strengthening financial position. Net profit rose 8% year-over-year to ₹656 crore, driven by a substantial 79.8% increase in operating profit to ₹2,810 crore, fueled by robust net interest income and other income growth. The bank’s global net interest margin expanded to 3.05%, and asset quality improved with Gross and Net NPA ratios declining to 2.08% and 0.25% respectively. While a one-time tax charge impacted the bottom line, the strong performance and proactive asset management suggest UCO Bank is well-positioned to navigate the evolving economic landscape and deliver continued growth.
Supreme Court Dismisses SLP Against UCO Bank
Supreme Court dismissed Special Leave Petition filed by Shobhna Thakur against UCO Bank, arising from Himachal High Court judgment dated 05‑08‑2026.
The bench comprised Justices Aravind Kumar and Vipu
UCO Bank vs Nicco UCO Alliance NCLAT Scheduling
NCLAT Principal Bench schedules hearing for UCO Bank's appeal against Nicco UCO Alliance Credit Ltd.
Appeal listed for next hearing on September 10, 2026, following August 13, 2026 order.
Legal repres
UCO Bank Appeals Dismissed as Time-Barred
Supreme Court recalled earlier condonation of refiling delay and dismissed UCO Bank's appeals as time‑barred.
Appeals were filed 5 days beyond the 45‑day limitation and had a 99‑day refiling delay, wh
UCO Bank Appoints Manohar Lal Paliwal Director
UCO Bank discloses appointment of Manohar Lal Paliwal as Part-time Non-Official Director by Central Government.
Appointment effective from 12 August 2026 for three-year term or until further orders.
N
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.
Repo
UCO Bank Revises TBLR and G-Sec Benchmark Rates
UCO Bank's ALCO reviewed and revised select benchmark rates effective June 10, 2026.
TBLR rates increased across 3-month (5.30% to 5.40%), 6-month (5.50% to 5.60%), and 12-month (5.60% to 5.75%) tenor