UCO Bank News

Goel was arrested in this case on May 16, 2025, for playing a substantial role in sanctioning loans of more than Rs 1,460 crore to CSPL which later turned into NPA.

The ED issued a statement on Monday detailing the multi-layer “illegal gratification” received by Goel from Concast Steel & Power Ltd (CSPL) and the shell companies floated by it, which were the principal beneficiaries in this case.

This move is expected to make loans cheaper, encouraging more borrowing by individuals and businesses.

Uco Bank filed a complaint with the CBI, alleging that two sports engineers working in the bank transferred 820 crore INR from seven private banks to their bank accounts between November 10, 2023, and November 13, 2023.

UCO Bank said that all other critical systems are operational and available, however could not ascertain the financial impact, if any, due the  glitch.

Total business of the bank had touched Rs four lakh crore, he told reporters at the sidelines of an event here.

For non-senior citizens, the UCO Bank now offers a return of 2.9% on FDs with a maturity tenure of 7-29 days. The bank is now offering an interest rate of 6.2% on deposits maturing in over one year to up to two years except for 444 and 666 days), 6% for above two years and up to 5 years and above. The deposits for 444 days will earn a return of 6.75% and those for 666 days will get a 7% return.

The bank hikes interest rate for FDs under Rs 2 crore. The new rate went into effect on November 8, 2022. UCO Bank launches two special schemes namely UCO 444 & UCO 666.

PNB has announced an increase in fixed deposit interest rates beginning July 4. Union Bank of India offers a fixed deposit interest rate of 5.45 percent. UCO Bank offers an interest rate of 5.30% for tenures of more than one year to less than two years.

He said a video of the dance event with scantily clad female dancers is circulating amongst the bankers.

This will help these public sector banks (PSBs) meet regulatory requirements. These special securities with tenure of 10-15 years are non-interest bearing and valued at par.

The revision in the interest rates has come after the RBI kept the repo and reverse repo rates unchanged. The Central Bank of India noted that investors will now earn interest at annual rates of 2.75 per cent to 5.15 per cent. Investors can earn an interest rate of 2.75 per cent for FDs with a tenure between 7-14 days.

Kolkata-based UCO Bank has informed its customers that it is giving 30 basis points (bps) higher rate of interest on the bank’s Fixed Deposits. The tenure for this UCO Bank FD is 999 days. The UCO Bank FD is known as UCOVAXI-999 and the offer is limited to September 30.

You need to visit your nearest UCO Bank branch to apply for the UCO Bank's special FD plan. UCO Bank has named the new scheme as “UCOVAX-999”. The minimum investment amount in the scheme is Rs 5,000.

2,118 branches of 10 PSU banks. 1,283 branches of Bank of Baroda were either closed or merged. No branch of Bank of India and UCO bank was closed in the last fiscal.

The registration of application will close on November 17, 2020.

Leading banks like Indian Overseas Bank, Indian Bank, UCO Bank, Canara Bank, Punjab & Sind Bank, Syndicate Bank and the IDBI Bank took to Twitter to inform their customers that have provided a three-month moratorium on payment of EMIs, interest on loans. terms loans etc.

A major fire broke out at one of the branches of the UCO Bank in Bengaluru on Wednesday evening.

The bank had posted a net loss of Rs 1,016.43 crore in the same quarter of the previous fiscal.

RBI penalised the banks over deficiencies in complying with different regulatory norms.