Uco Bank sees MSMEs steady amid global headwinds, eyes growth from retail loans
The public sector bank has rolled out multiple digital loan journeys, allowing approvals in 10-15 minutes; with around 50% of vehicle loan sanctions processed digitally, significantly reducing turnaround time. Despite the strong growth, the vehicle loan portfolio remains modest at about ₹8,000 crore, indicating room for expansion. The bank is targeting around 50% growth in this segment in FY27.
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