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UCO Bank to sell NPAs worth Rs 3000 cr by FY17

UCO Bank to sell NPAs worth Rs 3000 cr by FY17

Friday, March 10, 2017, 11:01 AM

UCO Bank is looking to sell non-performing assets worth Rs 3,000 crore to asset reconstruction companies. The process has started and is expected to be completed by end of FY17. Ravi Krishan Takkar, MD & CEO of UCO Bank said, The management expects the success rate of 50 percent of the Rs 3,000 crore in the sale process.
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