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UCO Bank News
UCO Bank, Srei Equipment Finance enter strategic alliance to co-lend from this platform
Tue, Feb 18, 2020
UCO Bank and Srei Equipment Finance Limited today announced a strategic alliance to offer joint loans under a co-lending arrangement.
Capital infusion: Big Rs 8,655 crore shot in arm for these three banks - All you need to know
Sat, Dec 28, 2019
Three PSU Banks -- Allahabad Bank, Indian Overseas Bank and UCO Bank - have got Rs 8,655 crore fresh capital infusion from the government.
Sensex, Nifty trade tepid ahead of US-China trade talks; UCO Bank, Indiabulls Real Estate, Aurobindo Pharma stocks gain
Wed, Oct 09, 2019
In the Opening Bell session, the BSE Sensex ticked 2 points higher at 37,534 levels while the 50-stock Nifty index was 6 points down at 11,120 levels. The Bank Nifty index went up 28 points up in the Opening Bell at 27,796 levels.
UCO Bank posts net loss of Rs 1,552 cr in Mar quarter; yearly loss at Rs 4,321 cr on higher NPAs
Tue, May 14, 2019
Thus, for the entire financial year, there was a net loss of Rs 4,321.09 crore, against Rs 4,436.37 crore loss in 2017-18.
Directors, staff of a company fraudulently diverted Rs 2,348-cr from PNB, other banks: CBI
Sun, Apr 07, 2019
CBI on Saturday conducted searches at several locations in Delhi-NCR, Chandigarh, Kolkata and Orissa, at the offices of a New Delhi-based private company in a bank fraud case.
Capital infusion: Govt infuses Rs 10,882 crore in four PSU banks
Mon, Dec 31, 2018
The bank has received Rs 3,074 crore in the equity by way of preferential allotment on Monday, UCO Bank said in a regulatory filing. Besides, Bank of Maharashtra got Rs 4,498 crore, Syndicate Bank Rs 1,632 crore and Central Bank of India Rs 1,678 crore.
Under RBI watchlist, IDBI Bank, UCO Bank, Central Bank of India eye 2020 redemption
Wed, Jun 27, 2018
Sources said top officials of the 11-banks — IDBI Bank, UCO Bank, Central Bank of India, Bank of India, Indian Overseas Bank, Dena Bank, Oriental Bank of Commerce, Bank of Maharashtra, United Bank of India, Corporation Bank and Allahabad Bank — made presentations before the panel and responded to queries.
This bank just hit a 12-year low, a whopping 18 pct plunge after Rs 621-cr fraud surfaces
Mon, Apr 16, 2018
UCO Bank share price was trading at Rs 20.55, down 8 per cent on the BSE. Central Bureau of Investigation (CBI) has filed a case against the bank’s former chairman and Managing Director (CMD) Arun Kaul and several business executives in connection with its ongoing probe into an alleged Rs 737 crore bank loan fraud case.
UCO bank loan fraud: CBI to question ex-CMD Arun Kaul
Sun, Apr 15, 2018
A Central Bureau of Investigation (CBI) official, privy to the investigation, told IANS: "We will summon Kaul for questioning in a day or two." Earlier, the agency filed a case against Kaul, Era Engineering Infra India Ltd ( EEIL ), its CMD Hem Singh Bharana , two chartered accountants -- Pankaj Jain and Vandna Sharda -- and Pawan Bansal of Altius Finserve Pvt Ltd among others in connection with the alleged Rs 621 crore loan fraud which has caused a loss of over Rs 737 crore to the bank
Sensex extends losses, dips 200 points; Nifty below 10,400
Mon, Feb 19, 2018
The benchmark indices extended losses as the session progressed even as global cues remained positive with the Asian markets ticking up, joining a global recovery.
PNB Fraud: Officials of other banks under scanner
Sun, Feb 18, 2018
As investigations into the Rs 11,400 crore scam at PNB gather momentum, officials at overseas branches of other banks, where the fraudulently issued Letter of Undertakings (LoUs) were encashed, are under scanner, sources said.
Nirav Modi scam: Crisil puts PNB ratings on the watch
Sun, Feb 18, 2018
Rating agency Crisil has put the scam-ridden Punjab National Bank's ratings on 'watch', following the Rs 11,400-crore fraud detected by the lender at one of its Mumbai branches.
RBI to resolve bad loans of nearly 1,500 accounts with PSBs
Mon, Jan 08, 2018
As of September 2017, PSBs' gross non-performing assets (GNPA) stood at Rs 7.34 lakh crore.
Shares of 6 banks up after govt decides capital infusion of Rs 7,577 crore
Thu, Jan 04, 2018
The government has pumped Rs 51,858 crore capital in the PSBs so far, since the Indradhanush road map was announced in 2015.
UCO Bank to raise Rs 1,375 cr from govt via preferential shares
Wed, Jan 03, 2018
This capital infusion is a part of public sector banks' recapitalisation programme
RBI puts Bank of India under watch; initiates 'corrective action'
Wed, Dec 20, 2017
In a filing to stock exchanges, BoI said Reserve Bank of India has placed it under Prompt Corrective Action Framework, consequent to the onsite inspection under the risk based supervision model carried out for the year ended March 2017.
Punjab National Bank, Union Bank bad loan growth slows but provisions weigh
Fri, Nov 03, 2017
State-run lenders account for the bulk of India`s 9.5 trillion rupees in soured bank loans as of June. The surge in bad loans has choked new lending in an economy which needs more investment to help spur growth.
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.