UCO Bank has recovered Rs 800-900 crore from four large stressed accounts in the December quarter. The accounts comprise those of RattanIndia Power, Essar Steel, Ruchi Soya and Prayagraj Power.
The bank’s 45-day loan carnival beginning from January 6 is expected to see sanctions of around Rs 4,000 crore. The bank has set a target of Rs 2,700 crore retail and Rs 1,300 crore SME loans in the carnival.
UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers wide range of services includes Personal Banking, Corporate Banking, International Banking, Rural Banking and other services.
