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SOMA SANKARA PRASAD
Higher rates on new deposits set to hurt banks’ margins in coming quarters, says UCO Bank MD Soma Sankara PrasadState-run UCO Bank's Managing Director and CEO, Soma Sankara Prasad, says that now Indian banks are most likely to take a hit on their marg...17 Mar, 2023, 09.36 AM IST- Ashwani Kumar to be next MD & CEO of UCO Bank"Keeping in view their performance in the interface, their overall experience, and the extant parameters, the Bureau recommends Ashwani Kum...16 Mar, 2023, 11.34 PM IST
- FSIB recommends Ashwani Kumar as MD of UCO BankThe Financial Services Institutions Bureau (FSIB) interviewed 11 candidates from various public sector banks (PSBs) for the forthcoming pos...16 Mar, 2023, 10.43 PM IST
- UCO Bank Q3 Results: PAT jumps 110% YoY to Rs 653 crore; highest quarterly net profit in 80 yrsAt the same time, interest income rose to Rs 4,627 crore as compared to Rs 3,919 crore in the same quarter a year ago.On the asset quality ...24 Jan, 2023, 09.16 PM IST
- UCO Bank Q2 Results: Profit more than doubles to Rs 505 crThe bank witnessed a fall in fresh slippages. In the September quarter, around Rs 578 crore has slipped into NPA as compared to the Rs 1500...03 Nov, 2022, 07.51 PM IST
- Large Indian lenders shun rupee mechanism in Russia trade-sourcesTwo smaller lenders have moved to adopt the system after the Reserve Bank of India (RBI) said in July that it had set up an arrangement for...10 Oct, 2022, 11.15 AM IST
- Indian refiners pay dollars for Russian oil after dirham attempts failRussia has been hit by sanctions from the United States and allies following its invasion of Ukraine, and Moscow has requested some buyers ...28 Sep, 2022, 10.37 PM IST
- The bank that facilitated Iran trade back in focus as India-Russia trade expandsThe bank has received the necessary approval from the regulator -- the Reserve Bank of India -- to open a special rupee vostro account, Som...26 Sep, 2022, 07.21 PM IST
- Srei lenders to consider selling assets to ARCs to hasten recoveryA joint lenders' meeting will take place on Monday to consider this, Uco Bank managing director Soma Sankara Prasad said. Uco Bank is one o...05 Aug, 2022, 06.52 PM IST
- UCO Bank Q1 Results: Profit rises 11% YoY to Rs 224 croreBank managing director Soma Sankara Prasad said the management does not expect more provisioning requirements in the September quarter agai...05 Aug, 2022, 06.47 PM IST
- UCO Bank gets shareholders' nod to raise equity capitalThe shareholders have approved "equity capital raising plan of the bank during the financial year FY23 through issue of up to 100,00,00,000...12 Jul, 2022, 06.46 PM IST
- Uco Bank Q3 results: Net profit jumps 9-fold to Rs 310 croreUco's net interest margin, a key profitability parameter, was at 3.03 per cent for the December quarter, compared with 2.54 per cent earlie...31 Jan, 2022, 07.18 PM IST
- Uco Bank's AK Goel joins PNB as officer on special dutyThe Appointments Committee of the Cabinet (ACC) approved Goel as the next incumbent at the second largest public sector bank after State Ba...01 Jan, 2022, 06.35 PM IST
- Soma Sankara Prasad likely to be next UCO Bank MDAccording to sources, since Prasad was in the reserve list when the interview for appointment for managing director of Indian Bank took pla...03 Oct, 2021, 11.22 AM IST
- Banks Board Bureau recommends S L Jain for Indian Bank MD positionThe bureau interfaced with nine candidates from various public sector banks on May 24 for the forthcoming vacancy of managing director and ...24 May, 2021, 11.42 PM IST
- SBI responds to Singapore government initiative with remittance centreRupee remittance was about SGD856 million as end of last year. Thirty-five per cent of the 285,000 construction workers in Singapore are fr...03 Sep, 2018, 03.23 PM IST
- PM Modi launches 3 Indian digital payment apps in SingaporeThe RuPay digital payments system was linked up with Singapore's 33-year-old Network for Electronic Transfers (NETS).31 May, 2018, 08.11 PM IST
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