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UCO Bank News
IDBI to establish exclusive vertical for NPA recovery
Tue, Jun 13, 2017
Apart from creating this NPA recovery vertical, the bank management has formed a 'Credit Monitoring Group' to find out potential NPAs based on early warning signals, said Deputy Managing Director of IDBI Bank, G M Yadwadkar.
Prompt Corrective Action doesn't constraint bank's normal operations: RBI
Tue, Jun 06, 2017
The RBI today 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.
RBI initiates 'Prompt Corrective Action' against UCO Bank on high bad loans, negative return on assets
Sun, May 14, 2017
The Reserve Bank of India (RBI) has initiated a 'Prompt Corrective Action' against UCO Bank on account of the bank's increasing bad loans and negative return on assets.
Reserve Bank imposed Prompt corrective Action on UCO bank
Sat, May 13, 2017
Reserve Bank imposed Prompt corrective Action on UCO bank. Watch the full segment for more details.
Centre to infuse Rs 8,586 crore capital in 10 weak banks
Sun, Mar 19, 2017
Venkatachalam said the reason for signing the MoU is understandable and AIBEA is ready for it.
UCO Bank cuts lending rate by up to 0.8%
Tue, Jan 10, 2017
Public sector lender UCO Bank today slashed its benchmark lending rate by up to 0.8 % in line with market competition. The bank has reduced marginal cost of funds based lending rate (MCLR) by 0.7 % to 8.60 % for 1 year tenor, UCO Bank said in a filing to stock exchanges.
RBI questions banks for lending Rs 5,262 crore to rice trading firm REI Agro
Mon, Aug 15, 2016
Reserve Bank of India (RBI) has questioned the decision of a 21-bank consortium led by UCO Bank to extend a staggering Rs 5,262-crore loan to Kolkata-based rice trading firm REI Agro which was found to be involved in fraudulent activities.