UCO Bank to Open 200 New Branches by 2023

Current Context: UCO Bank is in process of opening new branches and the plan is to open 200 branches over the country till 2023.

• The CEO is to inaugurate an ATM, current chest van, and a currency sorting machine at the bank’s Dwarakanagar branch.
• The bank was earning profit since the last 6 to 7 quarters.
• Rs. 200 crore profit by September end.
• Rs. 310 crore profit by December end.
• The bank is having a Capital Adequacy Ratio of 14.56%.
• The bank was offering home loans at an interest rate of 6.5%.
• The main focus of the bank was on retaining sector loans like home loans, where the NPAs would be less, loans to MSMEs and agriculture.
• The Bank is expecting to achieve 15% growth.
• The Bank has the highest provision coverage ratio of 91.3%.
• Recently, UCO Bank has around 3000 branches in India and 2 overseas.

Question: 

Q.1 Which bank is to open its 200 branches by 2023?
a. None of the Below
b. Bank of Baroda
c. UCO Bank
d. Axis Bank