Banking glitch or scam: UCO Bank customers get surprise credit of Rs 820 cr; CBI files FIR
Business | December 06, 2023 9:43 ISTThe agency has searched 13 locations in multiple cities, including Kolkata and Mangalore, in connection with the case
The agency has searched 13 locations in multiple cities, including Kolkata and Mangalore, in connection with the case
The UCO Bank has recovered Rs 649 crore or 79 per cent of the amount erroneously credited to some accounts of the bank via Immediate Payment Service.
AIBEA's general secretary, C H Venkatachalam, highlighted rising unemployment from 2019 to 2023 and demanded increased recruitment in banks while opposing the outsourcing of regular jobs.
UCO Bank PCA Exit, UCO Bank PCA RBI: UCO Bank share price is Rs 12.80 on the NSE and Rs 12.81 on the BSE.
UCO Bank has cut home loan interest rates by 25 basis points with effect from Wednesday, the lender said.
State-owned UCO Bank on Friday announced reduction in its marginal cost of funds-based lending rates (MCLR) by 10 basis points across all the tenors.
UCO Bank on Wednesday said it has reduced the repo based lending rate by 40 basis points to 6.90 per cent, reflecting the cut announced by the Reserve Bank of India (RBI). As a result, the retail and MSME loans would get cheaper by 40 basis points, the bank said. The city-based bank did not mention any changes to the deposit rates.
State-run UCO Bank will reopen one of its branches in the city on Monday, which was sealed after the branch manager's mother was diagnosed with the coronavirus infection
A fire broke out at a building of the UCO bank in Bengaluru on Wednesday.
In a public notice which also carried a photo of Yashovardhan Birla, UCO Bank said the account was declared a non-performing asset (NPA) on June 3, 2019.
"The agency has been able to recover almost the entire amount of loan fraud through these attachments which will now face judicial scrutiny. The role of bank officials in the second case is under probe," a senior official said.
It is alleged that the accused persons in pursuance of a criminal conspiracy defrauded the UCO Bank to the tune of about Rs 621 crore by diversion and siphoning of the bank loans.
The gross non-performing assets (NPAs) of all the banks in the country amounted to Rs 8.41 lakh crore at end-December, bulk of which is in the books of public sector banks (PSBs).
Arun Jaitley said the government's Rs 2.12 lakh crore recapitalisation plan was to keep banks in good health, which was "extremely" important for the economy.
New Delhi: The prospects of importing cheaper oil from Iran after it signed a nuclear deal with six world powers led by the US cheered Indian industry and the equity markets on Wednesday.This followed Tuesday's
New Delhi: Central government offices in and around North and South blocks will be closed early on Sunday and Thursday for making arrangements for the Republic Day parade and Beating Retreat ceremony.As many as 71
Ahmedabad: Metro Link Express for Gandhinagar and Ahmedabad (MEGA), a Special Purpose Vehicle (SPV) floated by the Gujarat government to execute metro rail project here, has achieved financial closure for the first phase of the
Kolkata, Jan 5: Kolkata-based UCO Bank has sought Rs 800 crore capital from Centre to prevent capital adequacy ratio going below eight per cent.“We have requested Rs 800 crore from government. Let's see how much
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