Confident of coming out of RBI's PCA framework by March next year: UCO Bank CMD Atul Kumar Goel
- Atul Kumar Goel said the bank had set an NPA recovery target of ₹2,000 crore per quarter, or ₹8,000 crore per year
- The Reserve Bank of India's PCA framework kicks in when banks breach any of the four key regulatory trigger points
AHMEDABAD : Public sector lender UCO Bank is confident of coming out of the RBI's Prompt Corrective Action (PCA) framework by March next year and hopes to turn profitable by the last quarter of fiscal year 2020, its MD and CEO Atul Kumar Goel said here Sunday.
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