We find some stress in restructured accounts, says UCO Bank MD & CEO

'Corporate demand is for both working capital and term loans'

SOMA SANKARA PRASAD, managing director and chief executive officer of UCO Bank, says the bank is exploring the possibility of raising capital via additional tier 1 (AT1) bonds, even if the Kolkata-based state-owned lender is comfortable with its capital position that, he says, is sufficient to fund its growth plans. In conversation with Manojit Saha, he says the bank is seeing good demand for term loans from sectors like cement and steel. Edited excerpts:

Do you see credit growth momentum sustaining in the second quarter of 2022-23 (FY23)? Which sectors are witnessing demand?
 

Credit growth momentum will persist. It has