After SBI, UCO Bank and two other public lenders to get merged?

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

 UCO Bank revises lending rates based on marginal cost

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

Caught on camera: Two robbers loot a UCO bank branch in Bhopal, steal over Rs 5 lakh - WATCH

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.

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.

Iran to India: Reactivate bank a/c, allow Iranian banks

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.

India to pay another $700 mn to Iran on Oct 12

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.

 

 

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.

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.

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.

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.

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.

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.

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.

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'.

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.

UCO Bank weighing options to send wilful notice to KFA

State-owned UCO Bank on Friday said that it was mulling options of sending wilful defaulter notice to debt-ridden Vijay Mallya-owned Kingfisher Airlines, which is now grounded.

FinMin orders forensic audit of UCO Bank

The government has ordered limited forensic audit into some non-performing accounts of Kolkata-based UCO Bank to find out any irregularities in sanction of loans.

India paid 3rd tranche of $550 million to Iran towards oil bill

India today made a third payment of USD 550 million to Iran to take the total amount cleared over past one month to USD 1.65 billion.

UCO Bank seeks Rs 1,000 crore capital infusion from govt

The bank expects credit and deposit growth of 15-16 percent in 2014-15.

UCO Bank Q4 Net rises six-fold to Rs 285 crore

State-run UCO Bank on Wednesday reported a six-fold jump in net profit at Rs 285 crore for the fourth quarter of the financial year 2013-14.