State-owned UCO Bank redesigns strategies to align with Self-Reliant India mission; to focus on agriculture, MSME lending

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Public sector lender UCO Bank has redesigned its strategies to align with the Indian government’s Self-Reliant India mission, with more focus on lending to retail, agri and MSME sectors amid the COVID-19 outbreak.

In these tough times, the Kolkata-headquartered lender will extend emergency credit lines, on merits, to the borrowers who were affected by the COVID-19 economic crisis.

In its 2019-20 annual report, the bank said it is expecting the various technological initiatives for customer convenience to yield “good results” in the coming months.