top stories 

  • Microsoft Eyes Entire Glo...

  • 16 Beirut Port Staff Deta...

  • US Lifts Advisory On Avoi...

  • Supreme Court Seeks Charg...

  • Mumbai University first m...

  • Bihar Board passes 2.14 l...

  • DU approves syllabi of fo...

  • Maharashtra government ti...

  • MLA From Gehlot Camp Says...

  • Hurricane Douglas threate...

  • Use Your Voices To Drown ...

  • Signing Merit-Based Immig...

  • World Population In 2100 ...

  • Health English...

  • Can't Give Timeline For V...

  • 1st-Ever Cargo Vessel Fro...

Admin Reporter- POOJA1

Aug 01 2020


After two profitable quarters, UCO Bank ready to come out of PCA framework

Saturday, 1 August 2020

State-owned UCO Bank, which posted net profit for two successive quarters, is ready to come out of the RBI's prompt corrective action (PCA) framework, an official said on Saturday.

 

 

 

 

In May 2017, the central bank had initiated PCA against the lender due to high non-performing assets and negative return on assets.We are ready to approach the RBI to come out of the framework, as the bank posted net profit for two successive quarters," the official said.

instagram imagesfollow us @ instagram