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Uco bank
Posted Date:
16-Aug-2010
Category:
Banks
Rating:
Author:
naduvilmadam
Member Level:
Gold
Points
: 5
The writing about the Bank contains many grammatical mistakes and does not give a fluent and correct reading and needs correction. The Editorial Team may like to make corrections. The same may be re-written as in the description given below.
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The bank provides all types of loans and deposits to suit individual needs. As per the Mission Statement of the Bank it aims to be " Top-class Bank and to achieve sustained growth of business and profitability, fulfilling socio- economic obligations, excellence in customer service; through up-gradation of skills of staff and their effective participation making use of state-of-the-art technology" The bank has a wide net of branches and ATMs throughout India.
Each depositor in the bank is insured up to a maximum of Rs.1,00,000 (Rupees One Lakh) for both principal and interest amount held by him in the same right and same capacity as on the date of liquidation/cancellation of bank's license or the date on which the scheme of amalgamation/merger/reconstruction comes into force. Premium on deposits is paid by the Bank and NOT passed on to the depositors
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