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Cabinet may take up new disinvestment policy soon

Cabinet may take up new disinvestment policy soon

🕔19:20, 10.Sep 2020

New Delhi, Sep 10  The Union Cabinet may soon take up and approve the new strategic disinvestment policy, which would include the banking and insurance sector, as the Finance Ministry has finalised the Cabinet note on the policy, sources said.

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UCO Bank’s board approves raising Rs 3,000 cr in FY21

UCO Bank’s board approves raising Rs 3,000 cr in FY21

🕔07:26, 24.Jul 2020

Mumbai, July 24  UCO Bank on Thursday said that its Board of Directors has approved the raising of Rs 3,000 crore through various modes, including Follow On Public Offer (FPO), and Qualified Institutional Placement (QIP), in the financial year 2020-21.

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UCO extending credit linkage to 10,000 SHGs

UCO extending credit linkage to 10,000 SHGs

🕔04:49, 6.Jan 2020

Kolkata, Jan 6  State-owned lender UCO Bank has said it has recovered Rs 800-900 crore from four large stressed accounts in the December quarter under the bankruptcy law and is extending credit linkage to 10,000 Self Help Groups “We recovered

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Allahabad Bank, UCO Bank, IOB get Rs 8,655 cr fund infusion

Allahabad Bank, UCO Bank, IOB get Rs 8,655 cr fund infusion

🕔17:49, 27.Dec 2019

New Delhi, Dec 27 Three loss making PSU Banks — Allahabad Bank, Indian Overseas Bank and UCO Bank – have got Rs 8,655 crore fresh capital infusion from the government. The Finance Ministry has approved infusing fresh capital amounting to

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UCO Bank targets Rs 8,000 crore recovery in FY20

UCO Bank targets Rs 8,000 crore recovery in FY20

🕔19:23, 26.Jun 2019

Kolkata, June 26  State-run UCO Bank, which is focusing on increasing retail, agriculture and Micro, Small and Medium Enterprises (MSME) business, is aiming at Rs 8,000 crore recovery from the non-performing asset (NPA) accounts during the current fiscal, an official

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UCO Bank posts net loss of Rs 1,552 cr in Q4

UCO Bank posts net loss of Rs 1,552 cr in Q4

🕔07:17, 15.May 2019

Kolkata, May 15  State-run UCO Bank has narrowed its net loss to Rs 1,552.02 crore in the fourth quarter of the financial year 2018-19 ended March, as against a net loss of Rs 2,134.36 crore for the same period a

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RBI penalises UCO Bank, Axis Bank and Syndicate Bank

RBI penalises UCO Bank, Axis Bank and Syndicate Bank

🕔11:22, 6.Feb 2019

Mumbai, Feb 6 The Reserve Bank of India (RBI) has imposed separate monetary penalties on lenders — UCO Bank, Axis Bank and Syndicate Bank — over deficiencies in complying with different regulatory norms. The RBI imposed a penalty of Rs 2

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UCO bank to raise upto Rs 1500 crore

UCO bank to raise upto Rs 1500 crore

🕔09:20, 18.Jan 2019

Kolkata, Jan 18  Following the Rs 3,076 crore capital infusion by the Central government, state-run UCO Bank on Thursday said it is planning to raise equity capital fund up to Rs 1,000 crore through qualified institutions placement (QIP). Additionally, the

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Centre infuses Rs 3,076 crore capital into UCO Bank

Centre infuses Rs 3,076 crore capital into UCO Bank

🕔09:30, 1.Jan 2019

Kolkata, Jan 01  State-run lender UCO Bank on Monday said the central government has infused Rs 3,076 crore of capital into it by way of preferential allotment. The government “has conveyed its decision to invest Rs 3,074 crore in the

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UCO Bank focuses on bad loan recovery, reduce expenses

UCO Bank focuses on bad loan recovery, reduce expenses

🕔13:30, 8.Jun 2018

Kolkata, June 8  State-run lender UCO Bank which is expecting to recover a major amount in NPA through resolution in NCLT, is focusing to check further slippages and reduce expenses by emphasising on low capital requirement advances, said its Annual

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UCO Bank’s shares slip to almost 12-year low on loan fraud claims

UCO Bank’s shares slip to almost 12-year low on loan fraud claims

🕔20:15, 16.Apr 2018

Mumbai, April 16  Shares of public-sector lender UCO Bank on Monday plunged to almost 12-year low on the stock exchanges following the ongoing probe into an alleged Rs 737 crore loan fraud case. During the day’s trade, shares of the

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UCO bank loan fraud: CBI to question ex-CMD

UCO bank loan fraud: CBI to question ex-CMD

🕔10:19, 16.Apr 2018

New Delhi, April 16  The CBI will soon question former Chairman and Managing Director (CMD) of UCO Bank Arun Kaul in connection with its ongoing probe into an alleged Rs 737 crore bank loan fraud case, officials said on Sunday.

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UCO taking steps to recover money in Rs 19 cr fraud

UCO taking steps to recover money in Rs 19 cr fraud

🕔20:52, 4.Apr 2018

Kolkata, April 4 The UCO Bank on Wednesday said that it is taking steps to recover the amount in a Rs 19 crore fraud detected by it at one of its branches in Bengaluru through Sarfesi Act and has made

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PNB fraud: UCO Bank says has $411.82 mn outstanding exposure

PNB fraud: UCO Bank says has $411.82 mn outstanding exposure

🕔10:42, 18.Feb 2018

Kolkata, Feb 18  State-run UCO Bank on Saturday said it has an outstanding exposure of about $411.82 million in the $1.8 billion fraud detected in public sector Punjab National Bank (PNB) and that it was confident of receiving the payment.

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UCO Bank loss widens to Rs 1,016.43 cr in Q3

UCO Bank loss widens to Rs 1,016.43 cr in Q3

🕔09:52, 10.Feb 2018

Kolkata, Feb 10  State-run UCO Bank on Friday reported a loss of Rs 1,016.43 crore for the quarter ended December 31, 2017, as compared to a loss of Rs 437.09 crore in the corresponding quarter a year ago. Higher provisions for

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UCO Bank net loss widens by 62% in Q2

UCO Bank net loss widens by 62% in Q2

🕔00:03, 4.Nov 2017

Kolkata, Nov 3 (IANS) State-run UCO Bank on Friday reported that its net loss widened by about 62 per cent to Rs 622.56 crore during the quarter ended September 30, as compared to Rs 384.83 crore for the year-ago period. During

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UCO Bank net loss widens by 50% in Q1

UCO Bank net loss widens by 50% in Q1

🕔09:38, 3.Aug 2017

Kolkata, Aug 3  State-run lender UCO Bank on Wednesday reported a net loss of Rs 663.02 crore in the quarter ended June 30, 2017, widening by over 50 per cent from Rs 440.56 crore in the year-ago period. The loss

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UCO Bank to raise Rs 3,000 cr capital, hopes to be profitable in FY19

UCO Bank to raise Rs 3,000 cr capital, hopes to be profitable in FY19

🕔20:50, 28.Jun 2017

Kolkata, June 28 (IANS) State run lender UCO Bank, which is planning to raise Rs 3,000 crore capital in the current fiscal, is hoping to turn profitable in the next financial year, an official said on Wednesday. “This year it (return

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UCO Bank raises Rs 750 crore capital

UCO Bank raises Rs 750 crore capital

🕔10:07, 5.Nov 2016

Kolkata, Nov 5  State-run UCO Bank on Friday said it raised Rs 750 crore additional tier-1 capital by way of private placement.“The Bank has raised non-convertible, unsecured subordinated fully paid-up Basel III compliant perpetual debt instruments eligible for inclusion in

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UCO Bank posts Rs 440.57 crore loss in Q1, asset quality deteriorates

UCO Bank posts Rs 440.57 crore loss in Q1, asset quality deteriorates

🕔11:01, 10.Aug 2016

Kolkata, Aug 10  Public sector lender UCO Bank on Tuesday reported a net loss of Rs 440.57 crore in the quarter ended June 30, 2016 as compared to Rs 256.70 crore in the year-ago period.“The loss was on account of

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