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UCO Bank News

05 Dec 2023

UCO Bank Fraud: Two Engineers Transfer 820 Crore INR From 7 Private Banks

Uco Bank filed a complaint with the CBI, alleging that two sports engineers working in the bank transferred 820 crore INR from seven private banks to their bank accounts between November 10, 2023, and November 13, 2023.

16 Nov 2023

UCO Bank Net Banking Update: Online IMPS Transfers Stopped; Bank Says THIS

UCO Bank said that all other critical systems are operational and available, however could not ascertain the financial impact, if any, due the glitch.

28 Mar 2023

UCO Bank Hopes To Earn Rs 1,500 Crore Net This Fiscal: MD&CEO

Total business of the bank had touched Rs four lakh crore, he told reporters at the sidelines of an event here.

02 Dec 2022

UCO Bank FD Interest Rates hiked by up to 135 bps; Check return calculator

For non-senior citizens, the UCO Bank now offers a return of 2.9% on FDs with a maturity tenure of 7-29 days. The bank is now offering an interest rate of 6.2% on deposits maturing in over one year to up to two years except for 444 and 666 days), 6% for above two years and up to 5 years and above. The deposits for 444 days will earn a return of 6.75% and those for 666 days will get a 7% return.

13 Nov 2022

UCO Bank hikes FD plan rates and launches two special schemes: Check new rates

The bank hikes interest rate for FDs under Rs 2 crore. The new rate went into effect on November 8, 2022. UCO Bank launches two special schemes namely UCO 444 & UCO 666.

11 Jul 2022

Attractive FD offers by major banks: PNB vs UCO Bank vs Union Bank of India

PNB has announced an increase in fixed deposit interest rates beginning July 4. Union Bank of India offers a fixed deposit interest rate of 5.45 percent. UCO Bank offers an interest rate of 5.30% for tenures of more than one year to less than two years.

29 Apr 2022

Scantily clad female dancers entertain UCO Bank staff at SBI Life party

He said a video of the dance event with scantily clad female dancers is circulating amongst the bankers.

Public sector bank

27 Feb 2022

Centre to provide capital support mostly to weak PSBs

This will help these public sector banks (PSBs) meet regulatory requirements. These special securities with tenure of 10-15 years are non-interest bearing and valued at par.

Central Bank of India

13 Feb 2022

Central Bank of India, UCO Bank FD interest rates changed, check new rates

The revision in the interest rates has come after the RBI kept the repo and reverse repo rates unchanged. The Central Bank of India noted that investors will now earn interest at annual rates of 2.75 per cent to 5.15 per cent. Investors can earn an interest rate of 2.75 per cent for FDs with a tenure between 7-14 days.

11 Jun 2021

Are you vaccinated? UCO Bank offering higher interest rates on FDs

Kolkata-based UCO Bank has informed its customers that it is giving 30 basis points (bps) higher rate of interest on the bank’s Fixed Deposits. The tenure for this UCO Bank FD is 999 days. The UCO Bank FD is known as UCOVAXI-999 and the offer is limited to September 30.

09 Jun 2021

THESE two banks launch FD scheme for COVID-19 vaccinated investors

You need to visit your nearest UCO Bank branch to apply for the UCO Bank's special FD plan. UCO Bank has named the new scheme as “UCOVAX-999”. The minimum investment amount in the scheme is Rs 5,000.

public sector banks

10 May 2021

2,118 branches of 10 state-run banks closed or merged in last fiscal

2,118 branches of 10 PSU banks. 1,283 branches of Bank of Baroda were either closed or merged. No branch of Bank of India and UCO bank was closed in the last fiscal.

Zee Rozgaar Samachaar

27 Oct 2020

Zee Rozgaar Samachaar: Job vacancies at UCO bank; know details

The registration of application will close on November 17, 2020.

31 Mar 2020

Banks grant 3-month moratorium to customers on payment of EMI, interest

Leading banks like Indian Overseas Bank, Indian Bank, UCO Bank, Canara Bank, Punjab & Sind Bank, Syndicate Bank and the IDBI Bank took to Twitter to inform their customers that have provided a three-month moratorium on payment of EMIs, interest on loans. terms loans etc.

18 Sep 2019

Fire breaks out at UCO Bank in Bengaluru, several feared trapped

A major fire broke out at one of the branches of the UCO Bank in Bengaluru on Wednesday evening.

08 Feb 2019

UCO Bank Q3 net loss at Rs 998 crore as bad loans balloon

The bank had posted a net loss of Rs 1,016.43 crore in the same quarter of the previous fiscal.

Reserve Bank of India

06 Feb 2019

RBI penalises UCO Bank, Axis Bank and Syndicate Bank

RBI penalised the banks over deficiencies in complying with different regulatory norms.

Punjab National Bank

13 Mar 2018

PNB to honour claims by banks, but with conditions: Reports

State Bank of India and three other state-run banks, Union Bank of India, UCO Bank and Allahabad Bank, are among lenders who have extended credit based on the LoUs issued by PNB that were later found to be fraudulent.

17 Feb 2018

PNB fraud: UCO Bank says has $411.82 mn outstanding exposure

PNB, the second-largest public sector bank in India, had detected the $1.8 billion fraud in one of its branches in Mumbai.

public sector banks

06 Aug 2017

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.

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