Uco Business News

Monday, inked a memorandum of understanding (MoU) with eight public sector banks (PSBs) for developing take-out finance to facilitate the country's infrastructure development. The PSBs which have joined hands with IL&FS for the purpose are: Allahabad Bank, Bank of India,...

Bank issues public notice with photograph in Reid & Taylor default case. I ndia Inc's leading lights are used to seeing their photographs in newspapers. But it's probably the first time a bank in India has published the photograph of...

The Ludhiana Municipal Corporation on Monday got the electricity supply of UCO Bank disconnected, forcing the bank to use its own generator. The bank, having only 1,290 square feet of area on the second floor of MC headquarters in Zone...

Takeout financing refers to finance institutions buying out loans made by banks. The procedure allows banks to recover the locked capital ahead of the loan term. Punjab National Bank, UCO Bank and Allahabad Bank, and has already bought out loans...