The public sector bank has rolled out multiple digital loan journeys, allowing approvals in 10-15 minutes; with around 50% of vehicle loan sanctions processed digitally, significantly reducing turnaround time. Despite the strong growth, the vehicle loan portfolio remains modest at about ₹8,000 crore, indicating room for expansion. The bank is targeting around 50% growth in this segment in FY27.
Uco Bank sees MSMEs steady amid global headwinds, eyes growth from retail loans
Date:
More like thisRelated
CONCOR, GAIL sign 15-year pact to set up LNG dispensing station in Ahmedabad
State-run Container Corporation of India Ltd (CONCOR) on Thursday...
EPFO 3.0: What has changed — Before vs after, updated rules, CITES project, online access and new features explained
कर्मचारी भविष्य निधि संगठन एक अद्यतन प्रणाली के माध्यम...
Toronto festival turns into shooting scene as 2 die, 5 suffer gunshot wounds
Five people were injured and two were pronounced dead...
Power Grid wins transmission project under competitive bidding process
State-owned Power Grid Corporation of India Ltd (POWERGRID) on...