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Why Banks Are Having A Disastrous Quarter?
Banks have had one of the worst quarters in recent times. ICICI Bank saw profits halved, while Allahabad Bank, Union Bank, Canara Bank and UCO Bank reported massive losses. Federal Bank shares on the other hand plunged almost 10 per cent ...
Why Banks Are Having Disastrous Quarter
UCO Bank Reports 10 Consecutive Quarterly Loss
The major government-owned commercial bank, UCO reported its fourth quarter (Q4) ended March 2018 net loss at Rs 2,134 crore. The loss is almost four times compared to the year-ago period. The bank faced its 10 consecutive quarterly loss after being ...
Defaults On Education Loan Increase By 47% In 2 Years
The education loan portfolio of state-run banks has taken a hit with default increasing by as much as 47% in two years time from March 2015 to March 2017. Weak job market as well as wilful default by even those who ...
Defaults On Education Loan Increase 47 2 Years
Best Bank Monthly Income Plans In India
If you are looking at regular income, there are many banks that are offering the same, at a discounted rate. However, the interest rates are very low, though they offer some safety. While, we have highlighted some of the banks ...
UCO Bank Monthly Income Scheme: Why It Is A Great FD Plan?
UCO Bank has always been popular with individuals for the monthly income schemes that it launches. It first began the scheme in 2013, when interest rates were way beyond the 9 per cent. Over the last few years, interest rates have ...
Uco Bank Monthly Income Scheme Why It Is Great Fd Plan
FinMin orders forensic audit of UCO Bank
The government has ordered limited forensic audit into some non-performing accounts of Kolkata-based UCO Bank to find out any irregularities in sanction of loans. "We have ordered a limited forensic audit after complaints were filed with regards to some accounts. ...
Finmin Orders Forensic Audit Uco Bank
5 special bank fixed deposits with attractive interest rates
Special deposit schemes offered by banks have made a comeback to attract small savers. Moreover, these schemes help banks to correct the asset-liability mismatch over a period of time. Under these schemes, the tenure for each bank differs from the other and carry somewhat higher interest rates. {photo-feature}...
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