UCO Bank again urges Reserve Bank of India to consider taking it out of PCA

The RBI had initiated PCA for the Kolkata-based lender in May 2017 in view of high non-performing assets and negative return on assets. In the last financial year, the bank posted a full-year net profit of Rs 167.04 crore as against a whopping Rs 2,436.83 crore net loss during FY20. During FY19, net loss had stood at Rs 4,321 crore.

from Banking & Finance – The Financial Express https://ift.tt/3uZwDQT