Expect some clarity on MTNL resolution this quarter: UCO Bank MD & CEO A year ago, our CD ratio was 67.25 per cent, and it has now reached 71.77 per cent. This improvement is largely a result of the aforementioned credit growth UCO Bank is planning to raise up to Rs 2,000 crore through qualified institutional placement (QIP) in the December quarter to meet minimum public shareholding (MPS) norms. In a telephonic interview, the bank’s Managing Director and Chief Executive Officer Ashwani Kumar told Harsh Kumar the state-owned bank was focusing on maintaining its Current Account Savings Account (Casa) ratio, which has remained around 38 per cent over the past four to five quarters. Edited excerpts: ©SHIRSENDU KARMAKAR

SHIRSENDU KARMAKAR

BSNL making operating profit, added subscribers in last 3 months: Scindia Speaking at Express Adda, he said Bharat Sanchar Nigam Ltd (BSNL) is offering telephone services in remotest village and a network upgrade is improving its service State-owned telecom giant BSNL has added subscribers in every single month in the last quarter and its subscriber base has grown by 50-60 lakhs as it scripts a turnaround story after recording operating profit in the last two years, Communications Minister Jyotiraditya Scindia said Wednesday. Speaking at Express Adda, he said Bharat Sanchar Nigam Ltd (BSNL) is offering telephone services in remotest village and a network upgrade is improving its service. In June last year, the Union cabinet had approved an Rs 89,047 crore revival package for loss-making state-owned telecom operator deploy 4G and 5G services in a market dominated by private players. Debt-laden BSNL, grappling with poor infrastructure, had posted losses for the past 12 years. ©SHIRSENDU KARMAKAR

SHIRSENDU KARMAKAR

Expect some clarity on MTNL resolution this quarter: UCO Bank MD & CEO A year ago, our CD ratio was 67.25 per cent, and it has now reached 71.77 per cent. This improvement is largely a result of the aforementioned credit growth UCO Bank is planning to raise up to Rs 2,000 crore through qualified institutional placement (QIP) in the December quarter to meet minimum public shareholding (MPS) norms. In a telephonic interview, the bank’s Managing Director and Chief Executive Officer Ashwani Kumar told Harsh Kumar the state-owned bank was focusing on maintaining its Current Account Savings Account (Casa) ratio, which has remained around 38 per cent over the past four to five quarters. Edited excerpts: ©SHIRSENDU KARMAKAR

SHIRSENDU KARMAKAR

BSNL making operating profit, added subscribers in last 3 months: Scindia Speaking at Express Adda, he said Bharat Sanchar Nigam Ltd (BSNL) is offering telephone services in remotest village and a network upgrade is improving its service State-owned telecom giant BSNL has added subscribers in every single month in the last quarter and its subscriber base has grown by 50-60 lakhs as it scripts a turnaround story after recording operating profit in the last two years, Communications Minister Jyotiraditya Scindia said Wednesday. Speaking at Express Adda, he said Bharat Sanchar Nigam Ltd (BSNL) is offering telephone services in remotest village and a network upgrade is improving its service. In June last year, the Union cabinet had approved an Rs 89,047 crore revival package for loss-making state-owned telecom operator deploy 4G and 5G services in a market dominated by private players. Debt-laden BSNL, grappling with poor infrastructure, had posted losses for the past 12 years. ©SHIRSENDU KARMAKAR

SHIRSENDU KARMAKAR