UCO Financial institution calls again ‘sweets for NPAs’ round

0
30
UCO Financial institution calls again ‘sweets for NPAs’ round



MUMBAI: UCO Financial institution has withdrawn a round which instructed department heads to fulfill with high defaulters and distribute Diwali sweets to them. The round had sparked vital consideration on account of its unconventional strategy.
UCO Financial institution’s MD and CEO, Ashwani Kumar, addressed the matter throughout a press convention the place the financial institution’s quarterly outcomes have been introduced.”The intention was to interrupt the ice and meet and greet these whose accounts had was non-performing belongings, however in some way it bought captured as distribution of sweets,” he stated. The round had gained widespread visibility on social media platforms after it was initially circulated on Thursday.