Uco

Observer Research Foundation (ORF), in association with Koan Advisory Group and Finland-based Neste, in a report revealed that the re-use of UCO by commercial food business operators (FBOs) is pervasive

Digging Deeper | The big bank merger - What, why, and what next?

In this episode of Digging Deeper, we look at the merger in some detail, what it means for the sector, and also take a look briefly at what the future could look like for the banking sector in India.

Iran to charge in euros for new oil sales and old dues: Sources

A source at state-owned National Iranian Oil Co (NIOC) told Reuters that Iran will charge in euros for its recently signed oil contracts with firms including French oil and gas major Total, Spanish refiner Cepsa and Litasco, the trading arm of Russia's Lukoil.

BSE Sensex gains; Corp Bank up 6%, Uco Bank falls 4%

The market was head higher in afternoon trade. The Sensex was up 73.52 points at 19962.47 while the Nifty gained 14.10 points to be at 6057.65.

UCO Bank expects govt to infuse Rs 200-300cr by March

State-owned Uco Bank expects the government to infuse Rs 200-300 crore by March to help the lender meet 8% Tier-I capital requirement.

Don't buy midcap PSU banks at current levels: SP Tulsian

SP Tulsian, sptulsian.com is negative on midcap PSU banking stocks for the February series. “In spite of good results likely to be posted by all the midcap PSU banking, I won’t really be entering into at these levels. I will probably wait for their prices to correct,” he adds.

2008 vs 2011: Fitch says banks have better profits now

Speaking exclusively to CNBC-TV18, Ananda Bhoumik of Fitch Ratings says their research finds that the loan loss provisions of banks, due to Reserve Bank of India’s dictate are higher now. "And, hence, Indian banks are now entering this phase of difficult times with better profitability than in 2008," he said.