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Uco Bank
Business  /  Published 27.12.18

Recap bond prop for seven banks

The government plans to release Rs 28,615 crore soon to a clutch of seven weak state-run banks through recapitalisation bonds.Sources said Bank of India would get the largest share of Rs 10,086 crore,...
By Our Special Correspondent in New Delhi

Business  /  Published 13.11.18

Provisions hurt Uco

Uco Bank on Monday reported a net loss of Rs 1,136.44 crore for the second quarter of 2018-19 with provisions pulling down the bottomline of the city-based bank.The bank had registered a net loss of R...
By A Staff Reporter in Calcutta

Business  /  Published 11.11.18

Iran oil payment dilemma

The payment for Iranian crude is expected to pose a huge challenge as the US in its sanction order has barred several banks and financial institutions that limits India’s ability to route money to T...
By R. Suryamurthy in New Delhi

Calcutta  /  Published 11.04.20

UCO Bank to reopen sealed Calcutta branch from Monday

State-run UCO Bank will reopen one of its branches in the city on Monday, which was sealed after the branch manager's mother was diagnosed with the coronavirus infection, an official said.The lender d...
By PTI in Calcutta

India  /  Published 06.11.19

CBI searches residence of MP Congress MLA

The CBI carried out a search at the residence of Congress MLA Raghuraj Singh Kansana in Madhya Pradesh's Morena in connection with a bank fraud case in which his nephew is an accused, officials said o...
By PTI in New Delhi

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Business  /  Published 06.02.20

UBI eyes lower NPA

Two city-based banks hope to reduce their non-performing assets for the quarter ended March 31, 2020. United Bank of India, which is set to merge with Punjab National Bank and Oriental Bank of Commerc...
By A Staff Reporter in Calcutta

North East  /  Published 05.10.18

Assam UCO customers ‘defrauded’ of Rs 36 lakh

Three elderly customers of UCO Bank’s Dibrugarh branch have complaint of losing over Rs 36.6 lakh after cash was withdrawn from their accounts by alleged fraudulent means.Dibrugarh police station of...
By Avik Chakraborty in Dibrugarh

Business  /  Published 08.08.19

Uco turns to LIC for cash prop

The Life Insurance Corporation could play a key role in Uco Bank’s capital-raising plan in the current fiscal.The city-based bank envisages a capital requirement of Rs 4,500-5,000 crore in 2019-20. ...
By A Staff Reporter in Calcutta

Business  /  Published 21.10.19

Uco Bank to raise Rs 500 crore

Uco Bank is looking to raise Rs 500 crore through its Basel III compliant tier-2 bonds in a bid to strengthen its capital base.The capital adequacy ratio of the bank stood at 10.88 per cent at the end...
By A Staff Reporter in Calcutta

Business  /  Published 07.07.19

Recap to help weak banks

Hopes have brightened for banks that continue to remain under the RBI’s prompt corrective action (PCA) framework. Union finance minister Nirmala Sitharaman’s Rs 70,000-crore bank recapitalisation ...
By Our Special Correspondent in Mumbai


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