RegulatoryMint
UCO Bank fined Rs 15,000 for delay in revising widow’s family pension despite official instructions: Here's what…
Negative-15
GreyOak summary
The District Consumer Disputes Redressal Commission in Chandigarh fined UCO Bank ₹15,000 for failing to revise a widow's family pension despite official instructions. The bank was held responsible for the delay causing hardship, rejecting its claim that it only facilitated withdrawals. The branch manager was directed to pay the compensation.
What it affects
- UCO BankUCOBANKNegative -15
Fined ₹15,000 for pension delay.Rolling sentiment Negative -29
Source
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