MAS Financial Services Limited (MAS Financial), a key player in the MSME financing space, has announced a strategic co-lending partnership with UCO Bank. The collaboration, disclosed in a press release dated October 21, 2024, aims to extend loans to micro, small, and medium enterprises (MSMEs) under priority sector lending norms. The partnership’s objective is to […]
UCO Bank has announced its financial results for the second quarter of FY 2024-25, revealing a substantial increase in its profitability. The state-owned lender posted a net profit of ₹603 crore for the quarter ending 30 September 2024, marking a 50% year-on-year growth from ₹402 crore reported in the same period last year. The operating […]
In a remarkable display of financial resilience and strategic growth, UCO Bank has reported a solid financial performance for the quarter and nine months ended December 31, 2023. The bank’s total business witnessed a significant increase of 10.46% year-on-year, reaching Rs.435456 crore, underpinned by substantial growth in Gross Advances and Total Deposits. Strategic Business Expansion […]
UCO Bank has registered a net profit of INR 652.97 crores for the quarter ended 31 December 2022 (Q3FY23), which is a surge of 110.4% compared to a net profit of INR 310.4 crores in the same quarter of FY22. According to the Indian government-owned commercial bank, this is the highest-ever quarterly net profit in […]
UCO Bank has reported a net profit of INR 80.02 crore for the quarter ended March 2021 compared to a net profit of INR16.78 crore in the same quarter of 2020. For the year ended March 2021, the Indian government-owned commercial bank made a net profit of INR 167.03 crore in comparison to a net […]