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Chikkaballapur (Karnataka), April 8 (SocialNews.XYZ) The Central Government's flagship Pradhan Mantri Mudra Yojana (PMMY) continues to transform the lives of small entrepreneurs across the country, with another success story emerging from Karnataka's Chikkaballapur district. Beer Bahadur Dhami, a resident of Ward No. 30 in Chamarajpet, has successfully established and expanded his restaurant business with financial assistance received under the scheme. Availing a collateral-free loan of Rs 1.95 ...Read More >
New Delhi, Apr 6 (PTI) State-owned UCO Bank on Monday reported a 19 per cent credit growth at Rs 2.62 lakh crore in the January-March quarter of FY26. Total advances were at Rs 2.20 lakh crore in the year-ago quarter that ended in March 2025, UCO Bank said in a regulatory filing. The Kolkata-based lender reported an 11 per cent rise in total deposits at Rs 3.27 lakh crore during the reporting quarter, as against Rs 2.94 lakh crore registered at the end of the fourth quarter of the preceding fi ...Read More >
Anil Ambani and Reliance Communications are under renewed scrutiny as the CBI launches a fresh investigation into allegations of a Rs 3,750 crore fraud against the Life Insurance Corporation (LIC) involving Non Convertible Debentures. Photograph: Prashant Waydande/ReutersKey PointsThe CBI has filed a new case against Anil Ambani and Reliance Communications for allegedly defrauding LIC of Rs 3,750 crore.The case involves alleged conspiracy, cheating, misappropriation, and violations of the Preve ...Read More >
MUMBAI: UPI services saw widespread disruption on Wednesday, with several users reporting failed transactions and server errors, especially among customers of State Bank of India (SBI) and UCO Bank. Many users flagged the issue on X as it continued through the morning. Data from outage monitoring site Down detector showed a sharp spike in complaints, suggesting a widespread technical issue. Among the banks affected, SBI faced the brunt, with over 500 outage reports, while UCO Bank recorded arou ...Read More >
New Delhi: The Central Bureau of Investigation Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered based on a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption Act, accor ...Read More >
SBI UPI down: Downdetector shows a steep jump in the number of complaints, including over 500 payment issue-related complaints reports for State Bank of India.Several UPI users have reported facing payment-related issues, with many of them taking to X (formerly Twitter) to flag concerns. Downdetector also shows a steep jump in the number of complaints, including over 500 payment issue-related complaints reports for State Bank of India (SBI). Many UCO Bank UPI users have also raised complaints o ...Read More >
New Delhi: Digital payment services faced disruption across India on Wednesday, April 1, leaving many users unable to complete transactions through UPI platforms. According to outage tracking platform Downdetector, complaints surged sharply during the day -- indicating a widespread issue. The impact appeared significant on the State Bank of India, which saw over 500 outage reports, while UCO Bank recorded around 40 complaints. Overall, UPI-related downtime reports also crossed 40, with numbers ...Read More >
New Delhi: The Central Bureau of Investigation on Wednesday registered a case against Reliance Communications Ltd (RCom), Anil Ambani, unknown public servants, and unknown others on allegations of causing wrongful loss of Rs 3,750 crore to Life Insurance Corporation (LIC) of India. The case has been registered on the basis of a complaint received from Life Insurance Corporation of India Ltd. for offences of conspiracy, cheating, misappropriation, and offences under the Prevention of Corruption ...Read More >
UPI Down: UPI services are facing disruptions across India, with SBI and UCO Bank users reporting failed transactions. Here is everything that you need to know. UPI Down: If you couldn't make the UPI payments today, then know you're not the only one experiencing it. Several UPI users have faced the issue in India while making payments; however, it seems to be primarily with State Bank of India and UCO Bank accounts. For some, the payment just keeps loading. For others, it fails midway or doesn' ...Read More >
Birbhum (West Bengal) [India], April 1 (ANI): West Bengal Chief Minister Mamata Banerjee on Wednesday launched a scathing attack on the BJP ahead of the 2026 assembly elections, accusing the party of land grabs, deleting voter names, and indulging in divisive politics, and vowed to ensure it never regains strength in the state. Speaking to reporters, CM Mamata Banerjee said, "An attempt was made to grab the land of Amartya Sen. An attempt was made to evict him. They should be ashamed of themsel ...Read More >
New Delhi, April 1: Digital payment services faced disruption across India on Wednesday, leaving many users unable to complete transactions through UPI platforms. According to outage tracking platform Downdetector, complaints surged sharply during the day -- indicating a widespread issue. The impact appeared significant on State Bank of India, which saw over 500 outage reports, while UCO Bank recorded around 40 complaints. Overall, UPI-related downtime reports also crossed 40, with numbers cont ...Read More >
New Delhi, April 1 (SocialNews.XYZ) Digital payment services faced disruption across India on Wednesday, leaving many users unable to complete transactions through UPI platforms. According to outage tracking platform Downdetector, complaints surged sharply during the day -- indicating a widespread issue. The impact appeared significant on State Bank of India, which saw over 500 outage reports, while UCO Bank recorded around 40 complaints. Overall, UPI-related downtime reports also crossed 40, ...Read More >
New Delhi, Dec 17 (PTI) The government on Wednesday decided to exercise green shoe option to divest a higher 3 per cent stake in Indian Overseas Bank through offer-for-sale following overwhelming response from investors on the first day of subscription. The OFS of Indian Overseas Bank (IOB) opened for subscription on Wednesday for non-retail investors at a floor price of Rs 34 per share. "Offer for Sale in Indian Overseas Bank received good response from non-retail investors today. "Against a ...Read More >
Chennai: A shocking screenshot of an internal email, highlighting workplace toxicity at a public sector bank, has gone viral on social media. In the email, an employee of UCO Bank filed a complaint with the bank's higher management, alleging "inhuman and toxic behaviour" by the Chennai zonal head. The email, addressed to the bank's top brass, was titled "Complaint Regarding Inhuman and Toxic Behavior by Zonal Head, Chennai - Request for Immediate Action." "It is with deep concern that wish to ...Read More >
Dispur, September 16: Assam Civil Service officer Nupur Bora found herself under national spotlight following her arrest earlier this week. On Monday, September 15, the Assam chief minister's special vigilance cell raided the Guwahati residence of Assam Civil Service (ACS) officer Nupur Bora, recovering INR 92 lakh in cash and jewellery valued at nearly INR 2 crore, PTI reported. Assam Chief Minister Himanta Biswa Sarma said that Nupur Bora was under surveillance for the last six months followi ...Read More >
NEW DELHI, Sept 15 (Reuters) - Russian-backed Indian refiner Nayara Energy is seeking Indian government help to source equipment and materials needed for maintenance as European Union sanctions make it difficult to secure key items, three people familiar with the matter said. The private refiner has approached the Centre for High Technology, an advisory body under India's oil ministry, seeking assistance in sourcing specialised equipment, catalysts, and other raw materials, the sources said. N ...Read More >
Agartala: An official of a nationalised bank had been arrested and produced before court for her role in the recent scam worth Rs 16 crore of Agartala Municipal Corporation. The sum was debited from the official account of Agartala Municipal Corporation in UCO bank Agartala. The arrested official has been identified as Ramayani Srimoyee. Ready for a challenge? Click here to take our quiz and show off your knowledge! She hails from Assam's Noagaon but her posting was at the bank's main branch ...Read More >
Agartala (Tripura) [India], September 14 (ANI): In a major financial fraud, miscreants allegedly siphoned off Rs 16.48 crore from the Agartala Municipal Corporation (AMC) account maintained at the Kaman Choumuhani branch of UCO Bank. Following AMC's complaint, the West Agartala Police Station launched an investigation and arrested a bank cashier, identified as Ramayani Srimoyee, who was remanded to three days of police custody by the court. Also Read | Spycam Row: Ashok Gehlot Hits Out at Raja ...Read More >
Agartala (Tripura) [India], September 14 (ANI): In a major financial fraud, miscreants allegedly siphoned off Rs 16.48 crore from the Agartala Municipal Corporation (AMC) account maintained at the Kaman Choumuhani branch of UCO Bank. Following AMC's complaint, the West Agartala Police Station launched an investigation and arrested a bank cashier, identified as Ramayani Srimoyee, who was remanded to three days of police custody by the court. Dipak Majumder, Mayor of Agartala Municipal Corporati ...Read More >
Lucknow: The CBI arrested the branch head of UCO Bank's Kotwali Road branch in Mathura for allegedly accepting a bribe of Rs 4 lakh for disbursement of a business loan.The case was registered on Monday following a complaint by a businessman. According to the complaint, the firm availed a cash credit loan of Rs 1 crore from UCO Bank, but only Rs 90 lakh was disbursed. The remaining Rs 10 lakh was allegedly withheld by the branch head, Garima Singh, with the intent to demand illegal gratification. ...Read More >
New Delhi, Sep 1 (SocialNews.XYZ) The Central Bureau of Investigation (CBI) apprehended a UCO Bank Branch Head from Mathura for demanding a bribe of Rs 4 lakh from a loan applicant who was sanctioned an amount of Rs 1 crore, an official said on Monday. The CBI registered the case against the Senior Manager, UCO Bank, Kotwali Road Branch, on September 1. It was alleged by the complainant that his firm availed a loan of Rs 1 crore from UCO Bank; however, the firm was disbursed Rs 90 lakh out of ...Read More >
Bank of Maharashtra aims to meet the 25% minimum public shareholding. Another share sale will help the bank lower government stake. The finance ministry has asked five public-sector banks to increase public shareholding by August 1, 2026. BoM raised Rupees 3,500 crore through a QIP in October. The bank is evaluating fundraising options. State-owned Bank of Maharashtra is confident of meeting the minimum public shareholding norm of 25 % after one more tranche of fundraising in the current fiscal ...Read More >
Mumbai: State-run Bank of Maharashtra aims to raise at least ₹2,000 crore by selling shares through a qualified institutional placement (QIP) or an offer for sale this financial year to reduce the government's stake in the lender to 75% and meet the market regulator's minimum public shareholding norm. "We will work it out, because as per the current prices, to comply with the Sebi norms, even at the current price, around ₹2,000 crore should suffice," managing director and chief executive office ...Read More >
New Delhi, July 18 (SocialNews.XYZ) Qualified institutional placements (QIPs) witnessed a resilient growth in July so far, led by State Bank of India's (SBI) recent fundraise, taking the total QIP fundraising to a five-year high of over Rs 30,000 crore. QIPs are a way for listed companies to raise capital without having to submit legal paperwork to market regulators. Ten issuances have offered over Rs 30,470 crore so far this month. It is the biggest monthly performance of QIPs since September ...Read More >
New Delhi, Jul 15 (PTI) State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday. The loss-making public sector telecom firm's total debt obligations reached Rs 34,484 crore as on June 30, 2025 comprising bank loan of Rs 8,585 crore, sovereign guarantee bond Rs 24,071 crore and loan for DoT for paying Sovereign Guarantee Bond interest Rs 1,828 crore, according to the filing. Also Read | Gemin ...Read More >
New Delhi, Jul 15 (PTI) State-run telecom firm MTNL has defaulted on bank loans worth Rs 8,585 crore from seven public sector banks, the company said in a regulatory filing on Tuesday. The loss-making public sector telecom firm's total debt obligations reached Rs 34,484 crore as on June 30, 2025 comprising bank loan of Rs 8,585 crore, sovereign guarantee bond Rs 24,071 crore and loan for DoT for paying Sovereign Guarantee Bond interest Rs 1,828 crore, according to the filing. The total loan de ...Read More >
New Delhi [India], July 9 (ANI): Indian banks witnessed significant gains in market capitalisation during the April-June quarter of 2025, driven by falling interest rates and increased liquidity, which collectively attracted investor confidence. According to S&P Global Market Intelligence data, 18 of the top 20 Indian lenders, including the nation's three largest, saw their market cap rise.HDFC Bank Ltd., India's largest bank by market cap, registered a strong 9.70 per cent increase in its marke ...Read More >
Kolkata, Jul 3 (PTI) UCO Bank on Thursday reported a 13.67 per cent year-on-year growth in its total business, which rose to Rs 5.24 lakh crore for the quarter ended June 30, 2025, compared to Rs 4.61 lakh crore in the corresponding quarter last year. According to provisional figures disclosed to bourses, total advances stood at Rs 2.25 lakh crore, registering a 16.58 per cent year-on-year increase, while total deposits rose 11.57 per cent to Rs 2.99 lakh crore during the same period. ...Read More >
New Delhi, Jul 3 (PTI) State-owned UCO Bank on Thursday said it has registered a credit growth of 16.58 per cent at Rs 2.25 lakh crore in the April-June quarter. The outstanding credit was Rs 1.93 lakh crore at the end of the first quarter of the previous fiscal, UCO Bank said in a regulatory filing. The Kolkata-headquartered lender reported an 11.57 per cent increase in total deposits to Rs 2.99 lakh crore in the reporting quarter as against Rs 2.68 lakh crore at the end of the first quarter ...Read More >
Mumbai, July 3 (SocialNews.XYZ) The Indian stock markets ended lower on Thursday after a day of cautious trading, as late selling pressure erased earlier gains. Investors remained watchful amid hopes of a possible trade agreement between the US and India. The Sensex touched an intra-day high of 83,850 in early trade but eventually closed 170.22 points or 0.2 per cent lower at 83,239.7. Similarly, the Nifty also slipped by 48.1 points or 0.19 per cent, settling at 25,405.3 by the end of the sess ...Read More >
Stay updated with the latest None news, articles, and insights from trusted sources. Explore in-depth coverage and expert analysis on None topics.