Latest News on UCO Bank
Showing of 0 - 10 from 67 results
UCO Bank - Total results - 67
May 14, 2018
Bad loans mess: Finance Ministry mulling innovative ways to deal with banks' NPA provisionsGross NPAs of scheduled commercial banks as on 31 December, 2017 due to loans to industry were at Rs 6,09,222 crore, accounting for 20.41 percent of the gross advances.
Apr 16, 2018
UCO Bank shares down 6% as CBI books ex-CMD in a case of Rs 621-cr fraudUCO Bank shares fell over 6 percent on Monday as CBI booked its former chairman-cum-managing director Arun Kaul and others allegedly for a Rs 621-crore loan fraud
Apr 03, 2018
Bank stocks climb up to 5% after RBI allows lenders to spread bond trading losses over four quartersThe Reserve Bank of India (RBI) on Monday allowed banks to spread provisions for bond losses in the third and fourth quarters of FY18 over the next four quarters
Apr 01, 2018
CBI files Rs 19-crore fraud case over loans given by UCO Bank, names branch manager, middlemen and valuers as accusedThe CBI has registered a fresh bank fraud case amounting to Rs 19.03 crore that was sanctioned by UCO Bank to 18 fake borrowers in 2013 and 2016.
Mar 29, 2018
Punjab National Bank to settle nearly $1 billion to 7 banks by end-March in claims over fraudPNB’s board on Wednesday approved payment over the fraudulent guarantees due by end-March to seven banks. It will also honour any subsequent maturing guarantees when they are due, the bank said
Mar 27, 2018
Punjab National Bank moving to quickly resolve disputes with peer banks over fraud by end of month: SourceBankers have said the fraud could lead to increased scrutiny of Indian banks operating overseas, and risks undermining foreign lenders’ trust in India’s banking sector if not tackled swiftly.
Mar 12, 2018
SBI, UCO Bank look for buyers to sell Rs 1,245 cr NPAs; e-bidding to take place on 23 MarchUCO Bank, based out of Kolkata, said it has identified about 13 NPA accounts with outstanding balance of Rs 457.98 crore
Feb 21, 2018
PNB fraud: 'Payoffs, late night parties'; corruption has seeped into very core of India's public sector banksFirstpost investigation into the PNB fraud case shows that corruption has seeped into very core of state-owned banks & this is not just a 'one-off'.
Feb 20, 2018
PNB Rs 11,000-cr fraud: From SBI to Allahabad Bank, the exposure top lenders have in Nirav Modi scamThe IndusInd Bank says it has a small exposure to Gitanjali Gems, a gems and jewellery company started by Mehul Choksi
Feb 19, 2018
Nirav Modi fraud: PNB's in-house probe gives clean chit to auditors, blames foreign branches of Indian banksEven before the investigating agencies begin their probe, an in-house inquiry by state-owned Punjab National Bank (PNB), which was allegedly defrauded of Rs 11,360 crore by diamond merchant Nirav Modi and his maternal uncle Mehul Choksi, has given a clean chit to its auditors and blamed foreign branches of Indian banks.