KEY TAKEAWAYS

■ UCO Bank is under Reserve Bank of India’s prompt corrective action plan

■ The bank’s net loss increased 62% to ~6.23 billion in the second quarter (Q2)

■ Its gross non-performing assets swelled to 19.7% as on Q2

■ The bank employs 25,000 staff

■ It is merging non-viable branches and trimming operational costs