PCA doesn't constraint bank's normal operations: RBI
The RBI on Monday said its prompt corrective action (PCA), initiated in case of some public sector banks with high NPAs, is a supervision tool and does not constrain normal banking operations for the public.
Jun 05, 2017, 21:57 PM IST
UCO Bank plans to raise Rs 75 crore capital
State run UCO Bank on Tuesday said it is planning to raise Rs 75 crore of equity capital during the current financial year in one or more tranches.
May 09, 2017, 19:20 PM IST
Finance Ministry in talks with PSBs to get a fix on growth plans, funding
The finance ministry has initiated detailed discussions with select public banks to assess their growth blueprint over the next three years and seek turnaround plans to check if they need more growth capital.
Apr 23, 2017, 12:10 PM IST
UCO Bank cuts lending rate by up to 0.8%
Public sector lender UCO Bank on Tuesday slashed its benchmark lending rate by up to 0.8 percent in line with market competition.
Jan 10, 2017, 16:19 PM IST
RBI slaps penalty on UCO Bank, Allahabad Bank, Bank of India
RBI has imposed penalty of Rs 2 crore each on Allahabad Bank and UCO Bank, and Rs 1 crore on Bank of India for violation of anti-money laundering norms.
Jul 26, 2016, 20:04 PM IST
After SBI, UCO Bank and two other public lenders to get merged?
After asking State Bank of India (SBI) to merge its 5 associate banks, the government may ask three other public lenders namely UCO Bank, Bank of India and Indian Overseas Bank with financially sound bank
May 19, 2016, 14:00 PM IST
UCO Bank revises lending rates based on marginal cost
Public sector lender UCO Bank has revised lending rates based on marginal cost of funds with effect from April 1
Apr 03, 2016, 17:22 PM IST
Caught on camera: Two robbers loot a UCO bank branch in Bhopal, steal over Rs 5 lakh - WATCH
Two robbers looting a UCO bank branch in Bhopal have been caught on camera.
Mar 30, 2016, 22:38 PM IST
Govt to fill vacant post of chairman in 9 PSBs soon
A senior Finance Ministry official told PTI that the process to fill vacancies of non-executive chairman in nine state-run banks is underway.
Mar 25, 2016, 18:45 PM IST
Iran to India: Reactivate bank a/c, allow Iranian banks
Freed of international sanctions, Iran has asked India to reactivate its accounts with Indian banks and allow Iranian banks to open offices here.
Feb 08, 2016, 18:40 PM IST
India to pay another $700 mn to Iran on Oct 12
India will pay the second tranche of USD 700 million to Iran to clear part of past oil dues on Oct 12 since the dilution of trade sanctions by the US and five other world powers in July. In an accord, Iran had agreed to restrict its nuclear programme in exchange of easing of sanctions, which had crippled its oil economy.
Oct 04, 2015, 11:04 AM IST
UCO Bank Q1 net slumps 51% to Rs 257 cr
The bank had a net profit of Rs 521.40 crore in the April-June quarter of 2014-15 fiscal.
Aug 08, 2015, 17:21 PM IST
UCO Bank chief for data mining to manage NPAs
He said that current discussions doing the rounds in banking circle are on rising levels of stressed assets which needed a careful examination.
Mar 21, 2015, 14:09 PM IST
RBI asks banks to tighten monitoring of export finance
The Reserve Bank has asked banks to tighten monitoring of export finance in the wake the over- invoicing scam recently detected by Enforcement Directorate.
Feb 10, 2015, 17:26 PM IST
UCO Bank to raise about Rs 400 cr by selling shares to LIC
LIC currently holds 8.69 percent stake in UCO Bank. Following the fresh investment, stake of LIC would further go up by more than 5 percent.
Feb 05, 2015, 18:23 PM IST
Bad loans rise at three mid-sized state lenders
UCO Bank and Allahabad Bank, two other state-run lenders that reported quarterly results on Thursday, also saw their bad loan ratios widening, leading to a fall in their share prices.
Feb 05, 2015, 17:28 PM IST
Not a wilful defaulter, Kingfisher Airlines tells UCO Bank
Kingfisher Airlines has objected to being identified as a 'wilful defaulter' by state-run UCO Bank, which had sent a notice following non-repayment of a Rs 450 crore loan by the grounded carrier.
Dec 05, 2014, 22:08 PM IST
Kingfisher seeks basis of wilful defaulter tag from UCO Bank
Now, the airline has communicated that it wanted to know the basis of why the `wilful defaulter' tag was being attached to the company.
Nov 09, 2014, 10:51 AM IST
UCO Bank sends notices to Kingfisher Airlines, another firm
City-based UCO Bank has shot off notices to Vijay Mallya-owned Kingfisher Airlines and United Beverages after identifying the two firms as `wilful defaulters'.
Oct 31, 2014, 18:09 PM IST
UCO Bank identifies Kingfisher Airlines as 'wilful defaulter'
City-based UCO Bank on Monday said it has "identified" Vijay Mallya-owned Kingfisher Airlines (KFA) as a "wilful defaulter" and will be sending a notice to the defunct carrier.
Oct 27, 2014, 14:56 PM IST
