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United Bank's wilful defaulter tag is the final nail in Kingfisher Airlines' coffin

Sep 02, 2014

United Bank's wilful defaulter tag is the final nail in Kingfisher Airlines' coffin

Once the company is given the tag of a wilful defaulter, neither the firm nor its promoters, can ever go back to banks or other financial institutions in that country to seek another loan. #Kingfisher Airlines #Axis Bank #Vijay Mallya #Central Bank of India #Federal Bank #High Court #Punjab & Sind Bank #UCO Bank #United Bank of India #State Bank of Mysore #Indian Overseas Bank #Corporation Bank #wilful defaulter
Syndicate bank scam: Now UCO, Bank of Maharashtra under CBI scanner

Aug 29, 2014

Syndicate bank scam: Now UCO, Bank of Maharashtra under CBI scanner

CBI sources said the enquiries will look into alleged irregularities in the extension of credit facilities by UCO Bank and Bank of Maharashtra in the borrowers account facilitated by Pawan Bansal of Altius Finserve #India #Corruption #Bribery #Bhushan Steel #loan #Bank of Maharashtra #UCO Bank #Pawan Bansal #SK Jain #Scam #Syndicate Bank
Cabinet allows conversion of prefence shares to equity in 3 banks

Jan 02, 2014

Cabinet allows conversion of prefence shares to equity in 3 banks

This will apply to three banks - Indian Bank, UCO Banks Vijaya Bank, Finance Minister P Chidambaram said after the Cabinet meeting here. #P. Chidambaram #RBI #NewsTracker #Vijaya Bank #UCO Bank #Indian Bank #PNCPS #IDPI
UCO Bank looks to base growth on more than Iran oil payments

Dec 04, 2013

UCO Bank looks to base growth on more than Iran oil payments

UCO Bank , a Kolkata-based state lender that had been among India's poorer performers, saw revenue and profits surge after it was picked in 2012 to hold rupees for oil payments to Iran, a pile that has grown to more than $3 billion. #India #Iran #Indian rupee #UCO Bank #Tehran #Iran sanctions #oil payments
Sensex ends 230 pts higher; IT stocks, Bharti Airtel gain

Jul 04, 2013

Sensex ends 230 pts higher; IT stocks, Bharti Airtel gain

The BSE Sensex closed at 19410.84, up 1.22 percent while the Nifty closed at 5836.95, up 1.14 percent. #Sensex #Bharti Airtel #nifty #ITC #MarketClose #UCO Bank