UCO Bank shares may rally up to 40% after PCA exit

UCO Bank shares may rally up to 40% after PCA exit

UCO Bank shares may rally up to 40% after PCA exitSep 10, 2021, 02:45 PM IST

The Kolkata-based lender had reported a nearly four-fold jump in net profit in the June quarter at ₹10.18 crore compared to ₹2.15 crore profit in the same period a year ago. Its total income gained 2.3% to ₹453.91 crore.

Banks' NPAs stable in June quarter, look manageable; IBC needs improvement: RBI Governor Shaktikanta DasSep 10, 2021, 10:44 AM IST

RBI Governor Shaktikanta Das said banks have capital buffers of over 16 per cent while the same for NBFCs is at 25 per cent, which are much above the regulatory mandates, and will help fight with any stress.

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