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UCO Bank puts on hold its non-life insurance venture

UCO Bank, in its fifth Annual General Meeting, said that it has decided to put hold on its proposed venture into non-life insurance business. The bank is instead planning to enter into another business.

Apnainsurance.com Research Bureau

30 Jun 2008

UCO Bank in its fifth Annual General Meeting said that it has decided to put on hold its proposed venture into non-life insurance business. The bank is instead planning to enter into another business.

The bank is planning to focus on fee based income for the current financial year. The bank has also declared a dividend of 10 per cent for 07-08.