UCO Bank out of RBI’s PCA watchlist
The Reserve Bank removed UCO Bank from its Prompt Corrective Action Framework (PCAF) following improvement in various parameters and a written commitment that the state-owned lender will comply with the minimum capital norms.
This bank has been in the PCA list since May 2017 &had been barred from increasing risk-weighted assets due to high NPA ratios.
Did you Know
UCO Headquarters: Kolkata;
CEO: Atul Kumar Goel