3 stories mentioning NSE:UCOBANKUpdated 16d ago
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UCO Bank (NSE:UCOBANK, BOM:532505) has been assigned a first-time long-term issuer default rating (IDR) of 'BBB-' with a stable outlook by Fitch Ratings.The lender was also assigned a short-term IDR of F3, according to a Monday release by the ratings agency.Fitch has also assigned UCO a government support rating (GSR) of 'bbb-' and a viability rating (VR) of 'bb.'
UCO Bank (NSE:UCOBANK, BOM:532505) said its asset liability management committee has approved an increase in Treasury Bill Linked Rates (TBLR) and G-Sec-linked benchmark rates, effective June 10, according to a same-day filing on Indian bourses.The bank raised its three-month TBLR to 5.40% from 5.30%, six-month TBLR to 5.60% from 5.50%, and 12-month TBLR to 5.75% from 5.60%. The one-year G-Sec-linked rate was increased to 6.00% from 5.74%.UCO Bank said its marginal cost of funds-based lending rate (MCLR), repo-linked lending rate, base rate and benchmark prime lending rate remain unchanged.
UCO Bank (NSE:UCOBANK, BOM:532505) net profit rose to 8.01 billion Indian rupees in the fiscal fourth quarter from 6.52 billion rupees a year ago, according to a Saturday filing to the Indian stock exchanges.Earnings per share during the quarter ended March 31 climbed to 0.64 rupees from 0.56 rupees last year.Interest earned by the lender in fiscal Q4, however, slipped to 66.6 billion rupees from 67.4 billion rupees a year earlier.The bank's board also recommended a dividend of 0.44 rupees per share for the financial year 2025-26.
