UCO Bank to Auction Rs 400 cr of NPAs

Indian public sector lender UCO Bank will open the auction for sale of Rs 300 crore to Rs 400 crore non-performing assets (NPA) next week.

The bank has also urged the central government for a capital infusion. The bank's credit growth, as on Dec. 31, 2011, was 19.16 percent.

UCO Bank's deposit growth, as at the end of December, was 18.5 percent, while CASA stood at 23–24 percent.