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Uco Bank IMPS issue: Slim chance of full recovery this fiscal, says bank MD

By Economic Times - 12 hours ago
Uco Bank is struggling to recover the full Rs 820 crore mistakenly transferred to various account holders. So far, it has managed to reclaim about 90% of the amount. The bank's chairman, Aswaini Kumar, indicated that recovering the remaining Rs 88 crore by the fiscal year-end seems unlikely.

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