Content creators mean business
Social media influencers are flipping the rules by first getting followers and then launching products and ...
A K Goel, MD & CEO of UCO Bank Debasish Bhaduri - Debasish Bhaduri
UCO Bank has narrowed down its net loss marginally to ₹960 crore for the quarter ended December 31, 2019, as compared with a loss of ₹999 crore in the same period last year.
Operating profit witnessed a 217 per cent growth to ₹1,210 crore (₹381 crore).
Net interest income increased by close to 50 per cent to ₹1,237 crore (₹827 crore). Other income registered a growth of 199 per cent to ₹743 crore.
The bank’s total provisions and contingencies grew 62 per cent at ₹2,171 crore from ₹1,340 crore -- despite a 27 per cent dip in provisions to cover non performing assets (NPA) at ₹1,646 crore -- forcing it to report the straight 17th quarter loss.
The bank’s asset quality showed some improvement during the quarter under review.
The percentage of gross non-performing assets (NPA) to advances decreased to 19.45 per cent (27.39 per cent), while net NPA reduced to 6.34 per cent (12.48 per cent).
Fresh slippages have also come down to ₹2,078 crore during the quarter under review against ₹3,800 crore in the same period last year, AK Goel, MD and CEO, said.
UCO Bank is expecting to recover close to ₹725 crore during the January-March 2020 quarter.
The bank has improved its net interest margin to 2.62 per cent in the December quarter against 1.62 per cent in the December 2018 quarter.
Social media influencers are flipping the rules by first getting followers and then launching products and ...
Paneer, once alien to the South, has found a lucrative market in Chennai
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Carriers claim that all measures — including pre-flight tests, cabin sanitisation and fresh air inflow — have ...
What filters should you apply when mining for under-the-radar small-cap stocks? Read on to find more
High valuation, intensely competitive landscape and small cap nature of the stock are key risks.
Amid choppiness, the benchmark indices slipped marginally; approach the week with caution
SBI Cards (₹1,032.7): Witnesses fresh breakoutBetween September and December last year, the stock of SBI Cards ...
A virus swept aside 2020 plans to mark the 250th year of the birth of Beethoven. We need the German composer’s ...
Former MLA and farmer leader VM Singh on the violence that followed the January 26 tractor rally, the impasse ...
A mysterious new exhibit has been the centre of attraction at the gallery of Modern Art. This art work has ...
Tara was a curious little girl who loved to ask questions.She lived with her parents and her grandmother — ...
Social media influencers are flipping the rules by first getting followers and then launching products and ...
WPP agency Wunderman Thompson has launched its annual Future 100 report, lifting the lid on trends shaping the ...
Paneer, once alien to the South, has found a lucrative market in Chennai
The Flipkart kids playing adults are back — this time to push the home grown e-commerce marketplace’s grocery ...
Three years after its inception, compliance with GST procedures remains a headache for exporters, job workers ...
Corporate social responsibility (CSR) initiatives of companies are altering the prospects for wooden toys of ...
Aequs Aerospace to create space for large-scale manufacture of toys at Koppal
And it has every reason to smile. Covid-19 has triggered a consumer shift towards branded products as ...
Please Email the Editor