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Uco Bank: Scam-struck UCO Bank lines up Rs 1,000 cr investment for digitisation drive

Uco Bank plans a Rs 1000 crore investment in digitalization and IT upgrades, a 43% increase from last year. Managing Director Ashwani Kumar aims to leverage digital advancements for cross-selling and income growth. The bank will enhance overseas core banking, cybersecurity, and treasury IT systems, separate from addressing previous technical glitches. Expansion includes opening 130 new branches this fiscal year.
West Bengal Ashwani Kumar Uco Bank Digitisation Drive Cyber Security Core Banking Solution

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RBI fines PNB, Federal Bank, Mercedes Financial Services for breach of rules

The Reserve Bank of India (RBI) said on Friday that it has imposed monetary penalties on Punjab National Bank, Federal Bank, Mercedes-Benz Financial Services India and Kosamattam Finance for violating the central bank's norms.A fine of Rs 72 ...
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Nifty, Sensex May Grind Higher - Weekly Closing Report

After a tumultuous few days the market rose this week buoyed by US Federal Reserves decision to maintain a steady interest rate, a reduction in US bond yields, and stable crude oil prices. However, amidst this recovery, Indias manufacturing data for October weakened. Nonetheless, the market received support from good Q2 results.
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