Nifty PSU Bank index hit a new high today, and was the top gainer among sectoral indices, up nearly 4 per cent.

Nifty PSU Bank Rallies Nearly 4%; IOB, PSB, Central Bank, Uco Bank Surge Up To 19% - News18

On September 8, the public sector lender announced in an increase in lending rates by 5 basis points across tenures

UCO Bank’s stock rises on hike in lending rates

The marginal cost lending rates, repo rate linked rate, BPLR and Base rate were however kept unchanged.

UCO Bank Reduces TBLR to 6.70%; MCLR Unchanged Across Tenures

UCO Bank has lost 5.23 percent of its value over the last six months.

UCO Bank shares edge down, despite 81% surge in Q1 profit

Two of these banks are from Russia, he said. “We will soon approach the Reserve Bank of India for approval,” he said. Uco has already opened rupee vostro accounts for four Russian banks while it received regulatory approval for opening accounts for eight more overseas banks including six from Russia…

Four more foreign lenders approach Uco Bank for opening special Rupee Vostro Accounts

UCO Bank has opened four special rupee vostro accounts with Russian banks so far and has received permission from Reserve Bank of India for opening eight more accounts. Of these eight, six are with Russian banks and two are with banks in Belarus, said Ashwani Kumar, MD & CEO, UCO Bank.

UCO Bank has opened four special rupee vostro accounts, received RBI approval for opening 8 more

UCO Bank said its net interest margin (NIM) for the quarter improved 12 basis points to 2.86 per cent from 2.74 per cent in the year-ago quarter. UCO Bank reported its quarterly results post market hours of Friday.

UCO Bank shares in focus as Q1 profit jumps 81%, asset quality improves

UCO Bank’s Board of Directors will meet to approve the financial results for Q1, 2023. The bank reported an 86% rise in net profit and nearly 19% increase in net interest income in the previous quarter. The bank has been focusing on retail, agriculture, and MSME sectors to drive advances. It witness…

UCO Bank Q1 result to be declared on Friday

Indian Oil, SBI Cards, UCO Bank, Marico Among 54 Cos to Release Q1 Today

The MSME products of UCO Bank were showcased, and the customers were made aware of their USPs

UCO Bank organises mega MSME meet in Bengaluru

Ashwani Kumar is new MD & CEO of UCO Bank

The creamy layer - amongst the top performing stocks

Performance

Seems to be overvalued vs the market average

Valuation

Lagging behind the market in financials growth

Growth

Showing good signs of profitability & efficiency

Profitability

Fundamentals

Good time to consider, stock is not in the overbought zone

Technicals

Entry point

Promoter pledged holding

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Red flags

UCO Bank is a commercial bank whose segments include Treasury, Corporate/Wholesale Banking, Retail Banking and Other Banking Operations.

UCO Bank