 "UCO Bank")
UCO Bank is planning to sell bad loans worth around Rs 2,000 crore to asset reconstruction companies in the first half of the current financial year. The bank is also working on a one-time non-performing asset (NPA) resolution scheme, among other measures, to shed bad loans off its books.
The bank’s gross NPA as percentage of total advances at the end of quarter ended December 31, 2016 was as high as 17.18 per cent, compared to 10.98 per cent in the corresponding period of the previous year. The net NPA, however, was 8.99 per cent at the end of
The bank’s gross NPA as percentage of total advances at the end of quarter ended December 31, 2016 was as high as 17.18 per cent, compared to 10.98 per cent in the corresponding period of the previous year. The net NPA, however, was 8.99 per cent at the end of
