Rajnath Singh refuses to pinpoint blame about 'rumours' on son

Rajnath Singh refuses to pinpoint blame about 'rumours' on son

There has been some reports of Rajnath Singh's son being ticked off by PM Narendra Modi...
New Flight MH 370 theory

New Flight MH 370 theory

Malaysia Airlines Flight MH370 may have turned south earlier than previously thought

UCO Bank seeks Rs 800 cr from Centre

Jan 05 2013, 16:27 IST
Comments 0
SummaryKolkata-based UCO Bank has sought Rs 800 crore capital from Centre to prevent capital adequacy ratio going below eight per cent.

Kolkata-based UCO Bank has sought Rs 800 crore capital from Centre to prevent capital adequacy ratio going below eight per cent.

"We have requested Rs 800 crore from government. Let's see how much we get," UCO Bank Executive Director S Chandrasekharan said here today on the sidelines of 71st foundation day of the bank.

He said the Finance Ministry has assured that they would not allow the bank's Tier-I capital to go below eight per cent.

The government has planned to infuse Rs 15,000 crore in the PSU banks as recapitalisation support.

Chandrasekharan said the bank has already garnered Rs 1,000 crore worth capital by way of Tier-II bonds so far during this fiscal.

The bank is aiming 20 per cent growth in total business this year, he said.

In the third quarter, the bank registered total business growth of 17 per cent.

"We are confident to cross a total business of Rs 3 lakh crore by March 2013," he said.

Meanwhile, the bank is unlikely to revise its lending or deposit rates before the Reserve Bank of India's (RBI) review of monetary policy on January 29.

"There is still tightness in the liquidity. Hence, rates remain firm. Though we hope RBI will ease rates but we will wait for RBI's move.

Chandrasekharan said the bank has been reducing its dependence on bulk deposits and focusing on mobilisation of low-cost deposits to keep its cost of funds under control.

Ads by Google
Reader´s Comments
| Post a Comment
Please Wait while comments are loading...