UCO Bank

12 PSU banks firming plans to raise funds from markets

12 PSU banks firming plans to raise funds from markets

Board of PNB has given its approval for raising equity capital to the tune of Rs 3,000 crore through FPO, QIP or rights issue.

Aug 06, 2017, 16:53 PM IST
PCA doesn't constraint bank's normal operations: RBI

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

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

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 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