UCO Bank Providing Relief amid COVID Pandemic, Check Bank Policies, Credit Scheme & more

GUWAHATI: The UCO Bank has taken various initiatives to supplement Government's effort to combat the second wave of COVID-19. The bank is contacting borrowers to ascertain the impact of second wave of COVID-19 for providing the relief in terms of RBI guidelines. The bank has also made 'Resolution Framework 2.0' available for individual and small businesses.

As on 07.06.2021, the Bank has already extended relief under Resolution Framework 2.0 to 2,314 accounts amounting Rs 127 crore. The eligible borrowers can apply Guaranteed Emergency Credit Line (GECL) 3.0 till September 30with additional 10 per cent, stated a release. Moreover, to resolve the urgent fund requirement of the healthcare sector, the Bank has come up with three new credit schemes — UCO Sanjeevani, UCO Aarogyam, and UCO Kavach.

UCO Banks Relief Borrowers During COVID-19

In addition to this, the Bank along with its corporate channel partners is offering the following –

• Corona Kavach & Corona Rakshak - COVID specific floater policies.
• Group Care 360 - Family floater Top-up Health Policy
• Star Group Health Insurance (Gold)
• UCO Health Suraksha - Indemnity based Group Health Insurance policies
• Group Credit Life Insurance Policies - covering the lives of Retail Loan Borrowers.

Also Read: UCO Bank celebrates its Foundation Day