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RBI questions banks on Rs 5,262 cr loan to Kolkata-based REI Agro

Aug 15, 2016

RBI questions banks on Rs 5,262 cr loan to Kolkata-based REI Agro

The clarifications were sought in the light of RBI's master circular on fraud, sources said, adding that there seems to be violation of its directions on fraud. #RBI #Kolkata #UCO Bank #frauds #REI Agro #loan frauds #Early Warning Signals #penal measures #RFA #Red Flagged Accounts
Chidambaram terms PM Modi's Make In India scheme as `event management'

Aug 08, 2016

Chidambaram terms PM Modi's Make In India scheme as `event management'

Chidambaram referred to UCO Bank Chairman R K Thakkar’s remarks that there was no credit demand in the manufacturing sector, which, he said meant no investments were being made. #P. Chidambaram #D. Subbarao #manufacturing sector #UCO Bank #CAD #PM Modi #Make In India #UCO Bank Chairman R K Thakkar #event management
UCO Bank suffers loss of Rs 1,715 crore in Jan-Mar 2016 quarter

May 13, 2016

UCO Bank suffers loss of Rs 1,715 crore in Jan-Mar 2016 quarter

State-owned UCO Bank today reported a net loss of Rs 1,715.1 crore for the March quarter on account of surge in bad loans. #RBI #net profit #UCO Bank #Net loss #Total income #NPA provision
#NotEnough: How to fix the Good, the Bad and the Ugly in Indian PSU banking landscape

Feb 17, 2016

#NotEnough: How to fix the Good, the Bad and the Ugly in Indian PSU banking landscape

With gross NPAs at a massive level of Rs 72,792 crore, the sheer volume of rotten apples in SBI’s basket is huge and capable of contaminating others #SBI #Arun Jaitley #HDFC Bank #Bank of Baroda #NPAs #PSU banks #UCO Bank #bad loans #PNB #Indian Overseas Bank #Prime Minister Narendra Modi #Dr Raghuram Rajan
Mallya's United Breweries Holdings tagged wilful defaulter by PNB, shares tank 12%

Feb 16, 2016

Mallya's United Breweries Holdings tagged wilful defaulter by PNB, shares tank 12%

In November, State Bank of India had declared Mallya, Kingfisher Airlines and its holding company United Breweries Holdings as wilful defaulters #Kingfisher Airlines #State Bank of India #Vijay Mallya #Punjab National Bank #UCO Bank #United Breweries (Holdings) #wilful defaulter
Here is how PSU banks' bad loans burnt Rs 137,000 cr investor wealth in six months

Feb 10, 2016

Here is how PSU banks' bad loans burnt Rs 137,000 cr investor wealth in six months

Investor exit has wiped out aggregate market-cap of Rs 136,661 crore from a total of 23 listed PSU banking stocks in nearly six months period #Sensex #nifty #NPA #UCO Bank #bad loans #BSE Bankex #PNB #Finance Minister Arun Jaitley #Indradhanush #PSU banking stocks
Finance ministry assessing capital requirement of public sector banks

Jun 24, 2015

Finance ministry assessing capital requirement of public sector banks

The total government support provided to public sector banks towards capitalisation during the past four years was Rs 58,634 crore. #finance ministry #Arun Jaitley #Allahabad Bank #Punjab National Bank #IDBI Bank #UCO Bank #United Bank of India #Oriental Bank of Commerce #Punjab & Sindh Bank
Banks need to tighten monitoring of export finance: RBI

Feb 10, 2015

Banks need to tighten monitoring of export finance: RBI

The RBI has asked banks to tighten monitoring of export finance in the wake the over-invoicing scam recently detected by Enforcement Directorate. #RBI #Banks #Enforcement Directorate #UCO Bank #ED #export finance #Directorate of Enforcement
IOB, UCO Bank, Allahabad Bank stocks tank as bad loans surge

Feb 05, 2015

IOB, UCO Bank, Allahabad Bank stocks tank as bad loans surge

IOB, UCO Bank, Allahabad Bank suffered in trade as investors dumped the stocks on NPA concerns #Sensex #nifty #BSE #NPA #Allahabad Bank #UCO Bank #IOB
The Best Banks of 2014: Axis, Citibank and, surprise, City Union Bank

Dec 31, 2014

The Best Banks of 2014: Axis, Citibank and, surprise, City Union Bank

The Reserve Bank released performance parameters for 90 Indian and foreign banks a few days ago. Firstpost has used the same data and parameters to rank banks through a widely-accepted methodology. Here's what the numbers say. #Citibank #Inpraiseof #Axis Bank #UCO Bank #City Union Bank #Best Bank 2014 #Bank Performance Ratios