The UCO Bank here organised a mega loan fair on Monday. It was inaugurated by general manager of the bank CR Sahu.
On the occasion, 1,194 persons of Baleswar and Bhadrak districts were disbursed loan under various schemes of the bank which included loan for transport, agriculture, self help group (SHG) and Kisan Credit Card, etc.
The bank sanctioned over Rs 30 crore, while about Rs 17crore was disbursed on the day to the beneficiaries. Zonal manager T Chakraborty, chief manager Ranjit Rout, bank manager laxminarayan Swain, Narayan Chakraborty and Kasinath Sahu, among others, spoke.
“Our bank is now focusing on the retail credit schemes. We want to give more number of people home loan, car loan and agriculture loan up to a maximum limit of Rs 5 crore in a competitive rate instead of advance to big industries and projects. The bank profit is about more than Rs 1,000 crore, while the business turnover has surpassed more than Rs 3 lakh crore,” said general manager Sahu, adding that the bank was in loss for 11 years till 1999, but after some measures taken since 2000, the bank had been registering profits.