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UCO Bank

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.

Sep 18, 2019, 16:18 PM IST

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.

Feb 08, 2019, 16:34 PM IST

RBI penalises UCO Bank, Axis Bank and Syndicate Bank

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

Feb 06, 2019, 17:49 PM IST

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.

Mar 13, 2018, 12:02 PM IST

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.

Feb 17, 2018, 23:53 PM IST

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

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

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

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 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

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

May 19, 2016, 14:00 PM IST

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

Apr 03, 2016, 17:22 PM IST

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.

Mar 30, 2016, 22:38 PM IST

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.

Mar 25, 2016, 18:45 PM IST

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.

Feb 08, 2016, 18:40 PM IST

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.

 

 

Oct 04, 2015, 11:04 AM IST

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.

Aug 08, 2015, 17:21 PM IST

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.

Mar 21, 2015, 14:09 PM IST

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.

Feb 10, 2015, 17:26 PM IST