Due to high net NPA and negative RoA
UCO Bank announced that the Reserve Bank of India (RBI), vide their letter dated 05 May 2017, has initiated Prompt corrective Action for UCO Bank in view of high net NPA and negative RoA. These measures aim at improving performance of the Bank and to strengthen internal controls of the Bank. These measures will not adversely impact performance of the Bank. The Board of directors at its meeting held on 12 May 2017 took note of the measures taken by the RBI.Powered by Capital Market - Live News
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