UCO Bank targets Rs 3,000 crore recovery by fiscal year-end amid strong credit growth

UCO Bank has set a target to recover ₹3,000 crore by the end of the fiscal year, driven by strong credit growth and focused recovery efforts. The bank’s management emphasized the importance of asset quality and proactive measures to address non-performing assets (NPAs). UCO Bank’s recovery strategy includes intensifying efforts to resolve stressed assets through one-time settlements, legal actions, and improved monitoring mechanisms. The bank’s focus on credit growth is supported by robust demand in the retail, MSME, and agriculture sectors. UCO Bank aims to leverage its extensive branch network and digital platforms to enhance customer outreach and service delivery. The recovery target reflects the bank’s commitment to strengthening its financial position and achieving sustainable growth. Investors and stakeholders will closely watch the bank’s progress in meeting its recovery and growth objectives.