Question

This bank business has been restricted by the Reserve Bank of India for continuous erosion of net worth and huge NPAs.

Answer 1

This bank business has been restricted by the Reserve Bank of India for continuous erosion of net worth and huge NPAs.

UCO bank

Restrictions were followed by mounting losses and continuous erosion of net worth.

Answer 2

UCO Bank
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This bank business has been restricted by the Reserve Bank of India for continuous erosion of net worth and huge NPAs.

This bank is UCO Bank.

After IDBI Bankfollowing RBI’s revision of its PCA framework last month, UCO Bank has become the second ender to face business restrictions.

UCO stands for United Commercial.

UCO Bank is a commercial bank of India.

It was established in 6 January 1943 (74 years ago) in Kolkata, West Bengal, India.