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UCO Bank

RBI imposes penalties on UCO Bank and financial institutions for regulatory violations, KYC and compliance failures

RBI imposes penalties on UCO Bank and financial institutions for regulatory violations, KYC and compliance failures

Thu, Sep 05, 2024

The Chennai-based RAR Fincare Limited was fined Rs 25,000 for failing to obtain the necessary prior permission from the RBI before making significant changes to its management structure. These penalties are part of the RBI’s ongoing efforts to enforce compliance, ensure better governance, and promote transparency across the financial system.

Which stocks will be in focus today: Patanjali Foods, CDSL, UCO Bank & Carysil?

Which stocks will be in focus today: Patanjali Foods, CDSL, UCO Bank & Carysil?

Tue, Jul 02, 2024

Which stocks will be in focus today: Patanjali Foods, CDSL, UCO Bank & Carysil? News shares and triggers. Know in Stocks In News.

Dividend stocks this week: HCL Tech, HDFC Bank, UCO Bank among stocks to trade ex-date

Dividend stocks this week: HCL Tech, HDFC Bank, UCO Bank among stocks to trade ex-date

Sun, May 05, 2024

Dividend stocks this week: UCO Bank has announced a dividend of Rs 0.28 per equity share and fixed May 10 as ex-date.

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Stock Market Today: Sensex, Nifty rise on Coronavirus vaccine hopes; UCO Bank, Mastek shares gain

Stock Market Today: Sensex, Nifty rise on Coronavirus vaccine hopes; UCO Bank, Mastek shares gain

Tue, Jul 21, 2020

Stock Market Today: The BSE Sensex opened 389 points up at 37,808 mark while the NSE Nifty rose 105 points and hit 11,127 levels.

UCO Bank, Srei Equipment Finance enter strategic alliance to co-lend from this platform

UCO Bank, Srei Equipment Finance enter strategic alliance to co-lend from this platform

Tue, Feb 18, 2020

UCO Bank and Srei Equipment Finance Limited today announced a strategic alliance to offer joint loans under a co-lending arrangement.

Capital infusion: Big Rs 8,655 crore shot in arm for these three banks - All you need to know

Capital infusion: Big Rs 8,655 crore shot in arm for these three banks - All you need to know

Sat, Dec 28, 2019

Three PSU Banks -- Allahabad Bank, Indian Overseas Bank and UCO Bank - have got Rs 8,655 crore fresh capital infusion from the government.

Sensex, Nifty trade tepid ahead of US-China trade talks; UCO Bank, Indiabulls Real Estate, Aurobindo Pharma stocks gain

Sensex, Nifty trade tepid ahead of US-China trade talks; UCO Bank, Indiabulls Real Estate, Aurobindo Pharma stocks gain

Wed, Oct 09, 2019

In the Opening Bell session, the BSE Sensex ticked 2 points higher at 37,534 levels while the 50-stock Nifty index was 6 points down at 11,120 levels. The Bank Nifty index went up 28 points up in the Opening Bell at 27,796 levels.

UCO Bank posts net loss of Rs 1,552 cr in Mar quarter; yearly loss at Rs 4,321 cr on higher NPAs

UCO Bank posts net loss of Rs 1,552 cr in Mar quarter; yearly loss at Rs 4,321 cr on higher NPAs

Tue, May 14, 2019

Thus, for the entire financial year, there was a net loss of Rs 4,321.09 crore, against Rs 4,436.37 crore loss in 2017-18.

Directors, staff of a company fraudulently diverted Rs 2,348-cr from PNB, other banks: CBI

Directors, staff of a company fraudulently diverted Rs 2,348-cr from PNB, other banks: CBI

Sun, Apr 07, 2019

CBI on Saturday conducted searches at several locations in Delhi-NCR, Chandigarh, Kolkata and Orissa, at the offices of a New Delhi-based private company in a bank fraud case.

Capital infusion: Govt infuses Rs 10,882 crore in four PSU banks

Capital infusion: Govt infuses Rs 10,882 crore in four PSU banks

Mon, Dec 31, 2018

The bank has received Rs 3,074 crore in the equity by way of preferential allotment on Monday, UCO Bank said in a regulatory filing. Besides, Bank of Maharashtra got Rs 4,498 crore, Syndicate Bank Rs 1,632 crore and Central Bank of India Rs 1,678 crore.

Under RBI watchlist, IDBI Bank, UCO Bank, Central Bank of India eye 2020 redemption

Under RBI watchlist, IDBI Bank, UCO Bank, Central Bank of India eye 2020 redemption

Wed, Jun 27, 2018

Sources said top officials of the 11-banks — IDBI Bank, UCO Bank, Central Bank of India, Bank of India, Indian Overseas Bank, Dena Bank, Oriental Bank of Commerce, Bank of Maharashtra, United Bank of India, Corporation Bank and Allahabad Bank — made presentations before the panel and responded to queries.

This bank just hit a 12-year low, a whopping 18 pct plunge after Rs 621-cr fraud surfaces

This bank just hit a 12-year low, a whopping 18 pct plunge after Rs 621-cr fraud surfaces

Mon, Apr 16, 2018

UCO Bank share price was trading at Rs 20.55, down 8 per cent on the BSE. Central Bureau of Investigation (CBI) has filed a case against the bank’s former chairman and Managing Director (CMD) Arun Kaul and several business executives in connection with its ongoing probe into an alleged Rs 737 crore bank loan fraud case.

UCO bank loan fraud: CBI to question ex-CMD Arun Kaul

UCO bank loan fraud: CBI to question ex-CMD Arun Kaul

Sun, Apr 15, 2018

A Central Bureau of Investigation (CBI) official, privy to the investigation, told IANS: "We will summon Kaul for questioning in a day or two." Earlier, the agency filed a case against Kaul, Era Engineering Infra India Ltd ( EEIL ), its CMD Hem Singh Bharana , two chartered accountants -- Pankaj Jain and Vandna Sharda -- and Pawan Bansal of Altius Finserve Pvt Ltd among others in connection with the alleged Rs 621 crore loan fraud which has caused a loss of over Rs 737 crore to the bank

Sensex extends losses, dips 200 points; Nifty below 10,400

Sensex extends losses, dips 200 points; Nifty below 10,400

Mon, Feb 19, 2018

The benchmark indices extended losses as the session progressed even as global cues remained positive with the Asian markets ticking up, joining a global recovery.

PNB Fraud: Officials of other banks under scanner

PNB Fraud: Officials of other banks under scanner

Sun, Feb 18, 2018

As investigations into the Rs 11,400 crore scam at PNB gather momentum, officials at overseas branches of other banks, where the fraudulently issued Letter of Undertakings (LoUs) were encashed, are under scanner, sources said.

Nirav Modi scam: Crisil puts PNB ratings on the watch

Nirav Modi scam: Crisil puts PNB ratings on the watch

Sun, Feb 18, 2018

Rating agency Crisil has put the scam-ridden Punjab National Bank's ratings on 'watch', following the Rs 11,400-crore fraud detected by the lender at one of its Mumbai branches.

RBI to resolve bad loans of nearly 1,500 accounts with PSBs

RBI to resolve bad loans of nearly 1,500 accounts with PSBs

Mon, Jan 08, 2018

As of September 2017, PSBs' gross non-performing assets (GNPA) stood at Rs 7.34 lakh crore.

Shares of 6 banks up after govt decides capital infusion of Rs 7,577 crore

Shares of 6 banks up after govt decides capital infusion of Rs 7,577 crore

Thu, Jan 04, 2018

The government has pumped Rs 51,858 crore capital in the PSBs so far, since the Indradhanush road map was announced in 2015.

UCO Bank to raise Rs 1,375 cr from govt via preferential shares

UCO Bank to raise Rs 1,375 cr from govt via preferential shares

Wed, Jan 03, 2018

This capital infusion is a part of public sector banks' recapitalisation programme

RBI puts Bank of India under watch; initiates 'corrective action'

RBI puts Bank of India under watch; initiates 'corrective action'

Wed, Dec 20, 2017

In a filing to stock exchanges, BoI said Reserve Bank of India has placed it under Prompt Corrective Action Framework, consequent to the onsite inspection under the risk based supervision model carried out for the year ended March 2017.

Punjab National Bank, Union Bank bad loan growth slows but provisions weigh

Punjab National Bank, Union Bank bad loan growth slows but provisions weigh

Fri, Nov 03, 2017

State-run lenders account for the bulk of India`s 9.5 trillion rupees in soured bank loans as of June. The surge in bad loans has choked new lending in an economy which needs more investment to help spur growth.

IDBI to establish exclusive vertical for NPA recovery

IDBI to establish exclusive vertical for NPA recovery

Tue, Jun 13, 2017

Apart from creating this NPA recovery vertical, the bank management has formed a 'Credit Monitoring Group' to find out potential NPAs based on early warning signals, said Deputy Managing Director of IDBI Bank, G M Yadwadkar.

Prompt Corrective Action doesn't constraint bank's normal operations: RBI

Prompt Corrective Action doesn't constraint bank's normal operations: RBI

Tue, Jun 06, 2017

The RBI today said its prompt corrective action (PCA), initiated in case of some public sector banks with high NPAs, is a supervision tool and does not constrain normal banking operations for the public.

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