The Appointments Committee of the Cabinet (ACC) has approved the appointment of Ashwani Kumar, Executive Director, Indian Bank as Managing Director and CEO of UCO Bank.

Govt appoints Ashwani Kumar as UCO Bank MD & CEO

A state-run bank India used to skirt sanctions is spurring trade with Russia by using rupees as payment and expects to see more deals as Moscow gets increasingly locked out of the global financial system.

After Iran Deals, UCO Bank Spurs Rupee Trade With Russia

Russia is also keen to do more trade in “national currencies and currencies of friendly countries,” its Deputy Prime Minister Denis Manturov said in April, to reduce its reliance on U.S. dollars after Western sanctions over its war in Ukraine.

India, Russia settling some non-oil trade in rupees: Top UCO Bank official

Amid reports of problems in rupee payment mechanism, particularly with reference to certain countries such as Russia, UCO Bank said it has registered 18-19 transactions under the rupee vostro account so far.

Transactions under rupee vostro account likely to gain traction

Get insights on Havells India, Power Finance Corporation, and UCO Bank stocks. Learn about the short-term outlook and potential trading opportunities based on the latest market trends and resistance levels. Go long on Havells India and short PFC, while buying UCO Bank for a bullish rally.

Stock Analysis: Havells India, Power Finance Corporation, and UCO Bank

Riding on the back of higher income from core operations, UCO Bank registered 86 per cent rise in net profit at ₹581 crore for the March quarter.

UCO Bank Q4FY23 net profit up 86%

Stocks to watch out for today: Tata Steel, Coforge, UCO Bank, Titan, Adani Wilmar, MRF and more

Tata Steel, Titan, Adani Wilmar, MRF among stocks to watch out for today

UCO Bank stock hit a low of Rs 29.46, down 4.01% in early trade. Market cap of the lender fell to Rs 35,975 crore.

UCO Bank shares slip 4% despite 86% rise in Q4 profit; here’s why

#Q4WithCNBCTV18 | UCO Bank Q4 declines, Gross NPA down 9.2%. Bank's MD & CEO Soma Sankara Prasad LIVE on this quarter's earnings

#ucobank #ucobankshare  #SomaSankaraPrasad #q4earnings #q4results #q4  #earnings #markets #cnbctv18 #businessnews #businessnewstoday #businessnewsinenglish #sharemarkettoday    

About CNBC-TV18: India's leading business news channel, CNBC-TV18 offers the most comprehensive coverage of businesses, the economy and the financial markets. #n18oc_business  Catch all your favourite shows, exclusive videos, big-ticket interviews and more here. 
You can also connect with CNBC-TV18 News Online
Catch the latest news: https://bit.ly/2YbpXBM

Follow CNBC-TV18 round the clock: https://www.cnbctv18.com/live-tv/

Stay updated with all the market action in real time: https://www.cnbctv18.com/market-live/

You can also stay updated with all the latest news on-the-go with CNBC-TV18 Minis: https://www.cnbctv18.com/minis/

Subscribe to our Channel: https://bit.ly/3nvEcxf

Like us on Facebook: https://www.facebook.com/cnbctv18india/
Follow us on Twitter: https://twitter.com/CNBCTV18News
Follow us on Instagram: https://www.instagram.com/cnbctv18india/
Catch us on: Linkedin: https://in.linkedin.com/company/cnbc-tv18
n18oc_business

CNBC-TV18 LIVE | UCO Bank Reports Q4FY23 Earnings | Earnings Central

For the last quarter of FY23, the public sector lender’s net profit surged 86.2% year-on-year to ₹581.24 crore.

UCO Bank posts highest ever annual net profit during FY23

Board nod for Rs 2,000 cr equity offering | UCO Bank Share Price Updates

UCO Bank Q4 Results: Net profit zooms 86% at Rs 581.24 cr on improvement in margins

Price return has been average, nothing exciting

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

Unsolicited messages

Default probability

Red flags

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

UCO Bank