UCO bank, a public sector lender, has organized ‘UCO home loan campaign’ across all its branches in the country between August 11 and August 30, 2014. Under this new campaign, the bank offers a 10.20 percent rate of interest on home loans and a full waiver (100 percent waiver) on processing charges. On the very first day of the campaign, the bank received an overwhelming response and opened about 643 accounts and sanctioned Rs105 crore under this scheme.
UCO bank’s net profit for first quarter ended June 30, 2014 increased by 2.01% at Rs 521.40 crore as compared to Rs 511.11 crore for the quarter ended June 30, 2013. Its total income has surged by 15.56% to Rs 5395.17 crore for the quarter under review from Rs 4668.81 crore for the corresponding quarter of the previous year.
