• SENSEX
    NIFTY 50
Market

UCO Bank, Corporation Bank rally up to 19% post approval of insolvency law amendments

Updated : December 13, 2019 01:48 PM IST

Shares of UCO Bank and Corporation Bank rallied up to 19 percent on Friday amid reports that payments from Essar Steel resolution are likely to arrive this month. Also that the Cabinet cleared amendments to the insolvency law. 
The Union Cabinet on Wednesday approved changes to the insolvency law, including a provision to ring-fence successful resolution applicants from criminal proceedings with regard to offences committed by previous promoters of a company.
UCO Bank, Corporation Bank rally up to 19% post approval of insolvency law amendments
primo org
Have you signed up for Primo, our daily newsletter?
It has all the stories and data on the market, business, economy and tech that you need to know.
cnbc two logos
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more

You May Also Like

Live TV