Tags Posts tagged with "UCO Bank"

Tag: UCO Bank

United Bank of India gets Rs 608 crores from Govt

United Bank of India (UBI) has received Rs 608 crores from the central government  through preferential allotment of equity shares. The Union Ministry of Finance...

Government funding saves PSBs

It seems a timely help by the central government has come as a relief for the Public Sector Banks (PSBs). It may be noted since...

UCO Bank hopes to return to profitability by next fiscal

Kolkata-based UCO Bank is pinning its hope on the next financial year to return to profitability as the lender posted a net loss in...

UPI to become available for public use next month

National Payments Corporation of India’s (NPCI) Unified Payments Interface (UPI) which was launched in April is all set to become functional from next month. A...

Mobile banks for unbanked Gram Panchayats on cards in Odisha

In its bid to provide banking services in the unbanked gram panchayats, Odisha government is contemplating to join hands with the banks operating in...

Banks continue to reel under bad loans; five banks reported loss

Major Indian banks continue to have a nightmarish experience because of escalating bad loans in the quarter ended 31 March. Five of the six banks...

State-run banks to get Rs. 5,050Cr govt support

The state-run banks are likely to get a sum of Rs.5,050Cr from the Government of India to be spent on their recapitalisation, by the...

New EDs roped in by public sector banks

In a recent shuffling for enabling new roles and responsibilities, 10 new executive directors (EDs) have been appointed to various public sector banks. The Appointments Committee...

Finance Ministry to invest Rs5,000cr into PSBs

The Ministry of Finance will invest Rs500cr in public sector banks (PSBs) to boost their capital. However, it will depend on improvements in performance...

IRDA wants banks to share ‘Bancassurance’ mis-selling responsibility

The trend of selling insurance products through commercial banks, or Bancassurance, may be at risk, as the Insurance Regulatory & Development Authority of India...

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