UCO Bank Q2 Profit Jumps 26.8% to Rs786 Crore as Gross Advances Surge 24.7%
India, Oct. 15 -- Public sector banks have spent the last few years proving they can do more than clean up old bad loans. They are now growing their loan books quickly, chasing retail and small business customers, and earning better returns while doing it. But fast lending always comes with a catch. A bank has to find the deposits to fund it, keep bad loans in check, and prepare for new rules, all at the same time.
The Nifty 50 traded at 22.955.90, up 1.46%, while the Sensex rose 1.66% to 73,994.91 on Wednesday. Meanwhile, Shares of UCO Bank were trading at Rs. 23.53, down 1.79% from previous close of Rs. 23.96. The stock opened at Rs. 24.45 and reached an intraday high of Rs. 24.80 and low of Rs. 23.55. The company currently has a mark...
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