UCO Bank

UCO Bank approaches Life Insurance Corporation of India for equity infusion

UCO Bank approaches Life Insurance Corporation of India for equity infusion

Kolkata: UCO Bank has approached Life Insurance Corporation of India (LIC) for equity infusion, a top official said on Thursday.The state...Read More

UCO Bank, Allahabad Bank fined Rs 5 million each by RBI

UCO Bank, Allahabad Bank fined Rs 5 million each by RBI

The bank has taken necessary measures for ensuring compliance of said RBI directions. Considering the size of the bank, the amount of pen...Read More

Government refuses to name, shame 
the defaulters

Government refuses to name, shame the defaulters

The process has started with the UCO Bank and already other PSBs have started discussing the issue at the board level so that the managem...Read More

UCO Bank declares Yashovardhan Birla as wilful defaulter for non-payment of Rs 67.55 crore

UCO Bank declares Yashovardhan Birla as wilful defaulter for non-payment of Rs 67.55 crore

New Delhi: State-owned lender UCO Bank has declared Yashovardhan Birla as wilful defaulter for non-payment of Rs 67.55 crore given to Bir...Read More

PSB shares up 19 percent on fund infusion plan

PSB shares up 19 percent on fund infusion plan

MUMBAI: Shares of PSBs jumped up to 19%, Thursday after the Finance Ministry announced infusion of Rs 48,239 crore in 12 such lenders in ...Read More

RBI slaps Rs 2 crore penalty on UCO Bank for non-compliance

RBI slaps Rs 2 crore penalty on UCO Bank for non-compliance

Kolkata: UCO Bank on Tuesday said the Reserve Bank of India (RBI) has imposed Rs 2 crore penalty on it for non-compliance of instructions...Read More

Bhopal: Woman duped of jewellery, cash worth over Rs 5 lakh

Bhopal: Woman duped of jewellery, cash worth over Rs 5 lakh

Bhopal: A 50-year-old woman was duped of her gold jewellery and cash worth over Rs 500,000 by miscreants including 4 women. They mislead ...Read More

Most lenders see bad loan burden easing

Most lenders see bad loan burden easing

Mumbai: The Reserve Bank of India’s (RBI) clean-up drive has started to show some results with 13 banks reporting lower NPAs in the last ...Read More

All Bank hopes to come out of PCA in 2020

All Bank hopes to come out of PCA in 2020

Kolkata: State-owned lender Allahabad Bank is targeting to come out of the prompt corrective action (PCA), imposed on it by the Reserve B...Read More

Vijay Mallya loses UK case, Banks can now recover Rs 10,000 crore

Vijay Mallya loses UK case, Banks can now recover Rs 10,000 crore

London: Absconding tycoon Vijay Mallya has lost a major lawsuit in UK. It was filed by Indian banks which are seeking to collect more tha...Read More

ICICI case: BBB member’s Avista stint under scanner

ICICI case: BBB member’s Avista stint under scanner

Finmin to look at Pradeep Kumar’s role as advisor in Rajiv Kochhar firm

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Former manager of UCO Bank booked in Rs 19-cr fraud case

Bengaluru : The CBI has registered a fresh bank fraud case amounting to Rs 19.03 crore that was sanctioned by UCO Bank to 18 fake borrowe...Read More

Sensex marks first gain of 2018, rebounds 176 points

Sensex marks first gain of 2018, rebounds 176 points

Mumbai: Benchmark Sensex reversed a three- session slide to end at 33,970 today after the government moved forward on its bank recapitali...Read More

Uttar Pradesh: Bank manager arrested for alleged rape of Russian woman in Mathura

Uttar Pradesh: Bank manager arrested for alleged rape of Russian woman in Mathura

Lucknow: A bank manager in Mathura, Uttar Pradesh, was arrested on Saturday after a Russian woman accused him of sexually abusing her, po...Read More

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LIC may participate in bank recap plan

As part of recap,  LIC could also increase its stake in PSBs which are required to raise Rs 58,000 crore from the market.  LIC could also...Read More

‘10 public sector banks have submitted turnaround plans’ – Santosh Kumar Gangwar

‘10 public sector banks have submitted turnaround plans’ – Santosh Kumar Gangwar

It has been decided that any future capital infusion in these banks shall be subject to achievement of select agreed upon milestones as p...Read More

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RBI initiates prompt corrective action for Dena Bank

Mumbai : The Reserve Bank has put Dena Bank under watch by initiating prompt corrective action against it, a move that will place various...Read More

RBI puts 4 PSBs under watch over asset quality concerns

RBI puts 4 PSBs under watch over asset quality concerns

The PSBs have been advised by Finance Min  and the RBI to improve their financials, look for options for capital infusion and create  a s...Read More

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Demonetisation Effect: Long queues continue

Hatod: The citizens here on Sunday thronged banks in long queues in search of cash. Several banks, including Bank of India, UCO Bank and ...Read More

Indore: Rush at ATMs leads to traffic snarls on demonetisation note

Indore: Rush at ATMs leads to traffic snarls on demonetisation note

Indore: Heavy crowd was witnessed at ATM kiosks and bank branches here on Saturday to exchange demonetised Rs 500 and Rs 1000 notes. Sinc...Read More

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