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UCO Bank News - Jan 2021
- 2020-12-17 : Revised FD rates for UCO bank
With effect from December 10, 2020, UCO Bank has revised its FD rates. The latest rate of interest for 7-29 days is 2.75%; for 30-45 days it is 3%; for 46-90 days it is 3.75%; for 91-180 days is 3.90% and the for 181- 364 days the rate is 4.70%. Further, the rate for a longer tenure of 1 year is 4.90%; for a period of 1 year one day to 10 years it is 5%. - 2020-08-04 : UCO Bank reports Rs. 21.46 crore PAT in Q1
UCO Bank posted a net profit of Rs.21.46 crores for the period ended June 30, 2020, as against a net profit of Rs.16.78 crores for the period ended March 31, 2020. The bank reported total income aided by retail loans like home, personal, car, two-wheeler and gold loans along with business and mudra loans of Rs.4436.57 crores during the period ended June 30, 2020. In addition to this, total deposits which include FD, RD, current and savings accounts increased by 1.4% to Rs 1,95,119.60 crore. - 2019-09-13 : UCO Bank revises its FD rates
With effect from September 10, 2019, UCO Bank has revised its FD rates. The latest rate of interest of 7-29 days is 4.50%; for 30-45 days it is 5%; for 46-90 days it is 5.50%; for 91-364 days the rate is 6%. The rate for a longer tenure of 1 year is 6.50%; for a period of 1-3 years it is 6.40%, and for three years and above the rate is 6.25%. - 2019-01-18 : UCO Bank revises interest rate on fixed deposits by 10 basis points
UCO Bank has revised the interest rate of fixed deposits on January 11, 2019. The interest rates have been hiked for fixed deposits less than Rs. 1 crore only. Interest rate of fixed deposit for one year days has been revised to 6.60% from 6.70 earlier. While the rates for above one year has been revised to 6.50% from 6.75 earlier. - 2018-08-10 : UCO Bank posts the Q1 loss of Rs 634 crore
UCO Bank announced Q1 result. It reported a net loss of Rs 633 crore for the first quarter. Asset quality of bank worsened with the gross non-performing assets (NPAs) hitting 25.71 percent of gross advances as on June 30, 2018 as against 19.87 percent by end-June 2017. Total income increased to Rs 4360 from Rs 4237 crore in the same period a year ago.
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