MUMBAI: UCO Bank has withdrawn a circular which instructed department heads to fulfill with prime defaulters and distribute Diwali sweets to them. The circular had sparked important consideration because of its unconventional strategy.
UCO Bank’s MD and CEO, Ashwani Kumar, addressed the matter throughout a press convention the place the financial institution’s quarterly outcomes had been introduced.”The intention was to break the ice and meet and greet those whose accounts had turned into non-performing assets, but somehow it got captured as distribution of sweets,” he mentioned. The circular had gained widespread visibility on social media platforms after it was initially circulated on Thursday.
UCO Bank’s MD and CEO, Ashwani Kumar, addressed the matter throughout a press convention the place the financial institution’s quarterly outcomes had been introduced.”The intention was to break the ice and meet and greet those whose accounts had turned into non-performing assets, but somehow it got captured as distribution of sweets,” he mentioned. The circular had gained widespread visibility on social media platforms after it was initially circulated on Thursday.
