UCO Bank is facing financial difficulties and has formed a consortium of major banks including Canara Bank, Axis Bank, SBI, and Bank of Baroda to provide financial support.
1 report, 1 independent
Updated Jul 1
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What happened
UCO Bank is facing financial difficulties and has formed a consortium of major banks including Canara Bank, Axis Bank, SBI, and Bank of Baroda to provide financial support.
Who's involved
What this event is mainly aboutKeep exploring
The entities involved
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UCO Bank
Indian government-owned commercial bank
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Canara Bank
Indian public sector bank
Nothing else this week.
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Axis Bank
Indian private sector bank
Related events
- Indian Bank, Bank of Maharashtra, UCO Bank, and Canara Bank are competing in the market by offering competitive starting rates for car loans.
- Several banks, including Bank of Baroda, Axis Bank, and Canara Bank, are actively seeking overseas funding through facilities provided by the Reserve Bank of India.
- Syndicate Bank merged with Canara Bank.
Coverage
Newest first; wire copies grouped- indiatimes.comUCO Bank plans $500-million overseas fundraise