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UCO Bank News
Recapitalisation news brings cheer! Central Bank of India, Indian Overseas Bank, Bank of India and UCO Bank shares surge in today's trade
Thu, Apr 01, 2021
As government has decided to carry out a capital infusion drive in four public sector banks of as much as Rs 14,500 crore, Nifty PSU Bank Index zoomed by over 2.5 per cent to become second highest performer during today's session.
Breaking news with Anil Singhvi: These three top banks likely to come out of PCA
Wed, Mar 17, 2021
In an exclusive report by Zee Business Executive Editor Swati Khandelwal, the Reserve Bank of India (RBI) will soon take a call on taking out three public sector banks from the PCA (Prompt and Corrective Action).
UCO Bank has a target to bring down its Net NPA below 3% by March 2021: Atul Kumar Goel, MD & CEO
Wed, Oct 28, 2020
Atul Kumar Goel, Managing Director & Chief Executive Officer, UCO Bank, talks about September quarter results, recovery, NPAs, lending and deposit trends, corporate and retail loan book size, moratorium situation, provisioning and liquidity position among others during an exclusive interview with Zee Business Executive Editor Swati Khandelwal,
UCO Bank ready to come out of PCA framework: Official
Sat, Aug 01, 2020
State-owned UCO Bank, which Posted net profit for two successive quarters, is ready to come out of the RBI's prompt corrective action (PCA) framework, an official said on Saturday.
Stock Market Today: Sensex, Nifty rise on Coronavirus vaccine hopes; UCO Bank, Mastek shares gain
Tue, Jul 21, 2020
Stock Market Today: The BSE Sensex opened 389 points up at 37,808 mark while the NSE Nifty rose 105 points and hit 11,127 levels.
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