UCO Bank Annual Report

The Kolkata-based UCO Bank plans to complete the process of migration of all its branches in Orissa to the Core Banking Solution (CBS) platform by the end of the current fiscal. While 79 branches out of 182 branches in the state have been CBS compliant, the remaining branches will achieve the status by 31 March 2010,

The priority sector lending was Rs 878 crore which was 65.71 percent of the total advance made by the bank. Similarly, the lending of the bank to agriculture reached Rs 408 crore which comes to about 30.54 per cent against the government’s guideline of 18 percent.

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