RegulatoryMint
UCO Bank fined ₹15,000 for pension delay despite arrears payment
Negative-23
GreyOak summary
A Chandigarh consumer court penalized UCO Bank with ₹15,000 for failing to revise a widow's pension promptly. The bank argued the delay was bona fide, but the commission ruled that the complainant's hardship and mental harassment caused by the delay could not be ignored, even after arrears were eventually paid.
What it affects
- UCO BankUCOBANKNegative -23
Rolling sentiment Negative -29
Source
Read the original at MintMore UCO Bank news
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