| Vishal Retail admitted for CDR, details to be worked on | 24-NOV-09 |
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| Delhi-based Vishal Retail’s Rs 730 crore of loans will be restructured, its bankers agreed today. It has become the second major retailer after Subhiksha to go into a corporate debt restructuring (CDR) process after it said it couldn’t pay its loans. |
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| Lenders may refer STC unit to debt tribunal | 16-NOV-09 |
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| With very little chance of repayment from STCL, a Bangalore-based ailing subsidiary of State Trading Corporation, lenders are exploring an option to drag the company to Debt Recovery Tribunal (DRT) as part of efforts to get back dues. |
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| UCO readies plan for bank buy | 15-NOV-09 |
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| Public sector lender UCO Bank is planning to present to the government a blueprint for acquiring a slightly smaller public sector bank. |
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| CP-CD: issues fall as MFs stay away | 13-NOV-09 |
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| Issuances of short-term money market instruments fell today because mutual funds — the major investors for such papers —were not keen on investing due to low rates, dealers said. |
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| Uco Bank branches in Orissa to be CBS compliant by 2010 | 03-NOV-09 |
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| The Kolkata-based Uco Bank plans to complete the process of migration of all its branches in Orissa to the Core Banking Solution (CBS) platform by the end of the current fiscal. While 79 branches out of 182 branches in the state have been CBS compliant, the remaining branches will achieve the status by 31 March 2010, a senior executive of the bank said. |
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| UCO Bank Q2 net up 38.4% at Rs 208 cr | 15-OCT-09 |
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| The PSU lender had a net profit of Rs 150.09 crore in the corresponding period last fiscal, UCO Bank said in a filing to the Bombay Stock Exchange (BSE). |
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| Bankers gear up to meet Pranab | 13-OCT-09 |
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| When finance minister Pranab Mukherjee comes to Kolkata on October 24 to meet the heads of public sector banks in the east, the minister might prod individual banks on half-yearly targets. |
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| Rs 10,000-cr of WB fund to flow into banks by December | 28-SEP-09 |
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| More than half a dozen PSU banks are expected to get about Rs 10,000 crore as fresh capital by December following the World Bank board's decision to inject funds into these PSBs and enhance their capacity to lend. |
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| FM assures continued support to banks | 13-SEP-09 |
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| While appreciating the role of public sector banks (PSBs) in protecting the economy against the global economic turmoil, Finance Minister Pranab Mukherjee today assured them that the government would continue to support them. |
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| Apex court upholds conviction of securities scam accused | 09-AUG-09 |
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| The Supreme Court has upheld the conviction given to former Uco Bank Chairman and Managing Director K Margabandhu and former General Manager Ramaiya Venkatkrishnan, in the 1992 securities scam case, and sentenced them to six months' rigorous imprisonment. |
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| BoM, UCO Bank & Sundaram Fin Q1 result | 31-JUL-09 |
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| Public sector Bank of Maharashtra (BoM) announced that its net profit for the first quarter ended June 2009 has more than doubled to Rs 101.79 crore. The lender had posted a profit of Rs 46.63 crore in the corresponding period a year ago. |
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| UCO Bank Q1 net rises 34.03 per cent | 30-JUL-09 |
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| State-run UCO Bank today posted a net profit of 34.03 per cent in the first quarter of 2009-10 touching Rs 178.85 crore as compared to the same period in the last fiscal. |
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