UCO Bank Current Affairs, GK & News
The Government e-Marketplace(GeM) has signed two Memorandum of Understanding(MoUs) with the public sector banks, Bank of Maharashtra and UCO bank on Monday, 16th December 2019. Under the MoU, a number of services including transfer of funds through GeM Pool Account(GPA), Earnest Money Deposit(EMD) and advising of Performance Bank Guarantees(e-PBG) will be provided to the registered ..
Category: Economy & Banking Current Affairs
Topics: Bank of Maharashtra • GeM • Government e-Marketplace • Memorandum of understanding • Public Sector Banks • Small Industries Development Bank of India(SIDBI) • Trade Receivable Discounting System (TreDS) • UCO Bank
The BCG-IBA report EASE Reforms for Public Sector Banks measures the performance of each PSB on 140 objective metrics across 6 themes. The 6 themes are: Customer Responsiveness: EASE for customer comfort Responsible Banking: Financial stability, governance for ensuring outcomes, and EASE for clean & commercially prudent business Credit Off-take: EASE for the borrower and ..
Topics: Bank of Baroda • Canara Bank • Central Bank of India • Dena Bank • EASE Index Report • IDBI Bank • Indian Overseas Bank • ORIENTAL BANK OF COMMERCE • Punjab National Bank • State Bank of India • Syndicate Bank • UCO Bank • United Bank of India
The Reserve Bank of India (RBI) has removed three banks, Dhanlaxmi Bank, Allahabad Bank and Corporation Bank from the PCA framework by moving them out of its weak-bank watchlist. Basis for the decision of RBI The government has infused fresh capital into various banks including some of the banks currently under the PCA framework. As ..
Topics: Allahabad Bank • Capital to risk-weighted assets ratio • Central Bank of India • Corporation Bank • Dena Bank • Dhanlaxmi Bank • Indian Overseas Bank • Non Performing Assets (NPA) • RBI • Reserve Bank of India • return on assets • UCO Bank • United Bank of India
The government has approved the capital infusion of Rs. 48,239 Crore into 12 State-Run Banks. The capital inclusion has been undertaken to ensure the lenders are able to maintain regulatory capital requirement and step up lending and boost overall growth. With this latest capital infusion, the government has now the government has now provided Rs 1,00,958 crore ..
Topics: Allahabad Bank • BANK OF INDIA • Bank of Maharashtra • Capital Infusion • Central Bank of India • Corporation Bank • Dena Bank • IDBI Bank • Indian Overseas Bank • ORIENTAL BANK OF COMMERCE • Public Sector Banks • UCO Bank • United Bank of India
The Reserve Bank of India (RBI) has imposed Rs 2 crore penalty on UCO Bank for non-compliance of instructions issued by RBI on the collection of account payee instruments and those on frauds-classification and reporting. RBI directions on Fraud Classification and Reporting The Reserve Bank of India (RBI) advises banks from time to time about the major fraud-prone areas ..