Hopeful to come out of PCA framework very soon: UCO Bank MD

2021-06-07 18:49:09

State-owned Bank is hopeful of coming out of the Prompt Corrective Action (PCA) framework very soon, a top bank official said on Monday.The government in the last round had infused Rs 14,500 crore of equity in Central Bank of India, Indian Overseas Bank, Bank of India, and UCO Bank by issuing non-interest- bearing, non-transferable bonds to these state-owned lenders.

“I dont foresee any hurdle and remain hopeful that we will get the regulators approval to

Continue Reading

Hopeful to come out of PCA framework very soon: UCO Bank MD

2021-06-07 18:49:09

State-owned Bank is hopeful of coming out of the Prompt Corrective Action (PCA) framework very soon, a top bank official said on Monday.The government in the last round had infused Rs 14,500 crore of equity in Central Bank of India, Indian Overseas Bank, Bank of India, and UCO Bank by issuing non-interest- bearing, non-transferable bonds to these state-owned lenders.

“I dont foresee any hurdle and remain hopeful that we will get the regulators approval to

Continue Reading