UCO bank withdraws circular to distribute sweets to 10 top NPA borrowers

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Recently, UCO Bank had released a circular urging each branch to distribute sweets to Top 10 NPA borrowers. But now on 2nd November, UCO bank has withdrawn the circular.

In the latest circular, the bank said:

“It is hereby advised that the instructions contained in the aforesaid communication stand withdrawn.”

In earlier circular bank had said that:

“We cannot deny the fact that a customer presently classified as NPA borrower was once a valued customer of the Bank.” Proper connect with such customers may bridge the gap created between them and the Bank. Such activity may also create a satiation of empathy and harmony compelling some of the borrowers to come forward for settling their account with the Bonk.

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