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According to public sector banks' reported quarterly data, the institution with its headquarters in Pune saw a 27.10% increase in gross advances at the end of June 2022, reaching Rs 1,40,561 crore (PSBs).
The bank has violated Know Your Customer (KYC) norms & guidelines on outsourcing of financial services.
In terms of (Retail, Agriculture and MSME) segment, BoM reported the highest growth rate of 18.06 per cent at Rs 75,927 crore.
The public sector bank Rs 1.29 trillion as of December 31, 2021 (Q3FY22), as against Rs 1.04 million in the same quarter in the previous fiscal.
The central government, through a notification dated August 26, extended the term of office of Atul Kumar Goel as UCO Bank's managing director and chief executive officer (MD & CEO), for a period of two years or until further orders, whichever is earlier, the bank added during a regulatory filing.
The food donation drive that took place last year has been revived again.
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