Brief: UCO Bank Says Co Holding 100 Pct Provision For 7.58 Bln Rupees Exposure To Era Infra Account
16/04/2018 12:55
April 16 (Reuters) - UCO Bank UCBK.NS :
* CLARIFIES ON NEWS ITEM REGARDING CBI BOOKING FORMER CMD IN
6.21
BILLION-RUPEE CHEATING CASE
* SAYS AS ON MARCH 31, ERA INFRA HAS TOTAL EXPOSURE OF 7.58
BILLION RUPEES IN BANK
* FILED COMPLAINT WITH CBI ON APRIL 11 AGAINST ERA INFRA
ENGINEERING AND CONCERNED W.R.T IRREGULARITIES REPORTED IN THEIR
ACCOUNTS WITH BANK
* BANK IS HOLDING 100 PERCENT PROVISION OF 7.58 BILLION
RUPEES
AGAINST THE ACCOUNT, THERE IS NO ADDITIONAL MATERIAL IMPACT ON
ACCOUNT OF NEWS ITEM
Source text: http://bit.ly/2qAx4mi
Further company coverage: UCBK.NS
((Reuters.Briefs@thomsonreuters.com;))
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