UCO Bank raises $730 million through FCNR deposits, avoids high-cost bulk funds
Uco Bank recovered ₹1,910 crore during the first half of the financial year and expects to meet its full-year recovery target of ₹2,000-2,500 crore. Its provision coverage ratio improved to 90.88%, from 83.68% a year earlier. Excluding technically written-off accounts, the coverage ratio was 90.8%, he said.
