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Expect some clarity on MTNL resolution this quarter: UCO Bank MD & CEO

A year ago, our CD ratio was 67.25 per cent, and it has now reached 71.77 per cent. This improvement is largely a result of the aforementioned credit growth

Ashwani Kumar, MD & CEO, UCO Bank
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Ashwani Kumar, MD & CEO, UCO Bank

Harsh Kumar Delhi

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UCO Bank is planning to raise up to Rs 2,000 crore through qualified institutional placement (QIP) in the December quarter to meet minimum public shareholding (MPS) norms. In a telephonic interview, the bank’s Managing Director and Chief Executive Officer Ashwani Kumar told Harsh Kumar the state-owned bank was focusing on maintaining its Current Account Savings Account (Casa) ratio, which has remained around 38 per cent over the past four to five quarters. Edited excerpts:
 
What is your guidance on your credit–deposit ratio?
 
The improvement in our bank's CD (credit-deposit) ratio for Q2FY25 is primarily due to an increase in credit

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