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BSE SENSEX
73,651.35
+655.04
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Corporate Announcement
Security Code
532505
Company
UCO Bank
Exchange Received Time
12/05/2017 19:24:52
Exchange Disseminated Time
12/05/2017 19:24:59
Time Taken
00:00:07
Updates |
05/12/17 19:24
Reserve Bank of India (RBI), vide their letter dated May 05, 2017, has initiated Prompt corrective Action for UCO Bank in view of high net NPA and negative RoA. These measures aim at improving performance of the Bank and to strengthen internal controls of the Bank. These measures will not adversely impact performance of the Bank. The Board of directors at its meeting held on this day took note of the measures taken by the RBI. Above intimation has been given in terms of the provisions of Regulation 30 read with Para B(7) of Schedule III of the SEBI (LODR) Regulation, 2015.
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