UCO Bank recovers Rs 900 crore from debt resolution under NCLT

UCO Managing Director AK Goel said that recovery from four accounts, namely Ruchi Soya, Essar Steel, RattanIndia Power and Prayagraj Power, is complete. This may help the bank reduce net losses in the third quarter while the bank is expecting to be back in black in the fourth quarter.

from Banking/Finance-Industry-Economic Times https://ift.tt/2QOC439