Reserve Bank Of India (RBI) Lifts Prompt Corrective Action Framework (PCA) Restrictions On UCO Bank After 4 Years

INSUBCONTINENT EXCLUSIVE:
(PCA) list after a gap of four years
capital requirements to be maintained are breached, under RBI norms.The central bank, in its circular, added that UCO bank has committed to
complying with its norms of minimum regulatory capital, net NPA (non-performing assets) or bad loans, and leverage ratio on an ongoing
April-Juen quarter of the current fiscal, compared to 14.38 per cent in the year-ago period.On Wednesday, shares of UCO Bank settled 0.16
per cent higher at Rs 12.81 apiece on the BSE
session today.