UCO Bank — Others, 07-02-2025: Action(s) taken or orders passed

UCO Bank has received a GST demand order of approximately Rs. 1,473.48 crore along with penalties and interest for the financial years 2017-18 and 2018-19. The bank intends to appeal this order, asserting that the demand lacks legal merit and is expected to be overturned. Management believes this matter will not materially affect the bank’s financial position or operations. Investors may view this as a neutral impact, given the bank’s confidence in a favorable resolution and the potential for no significant financial repercussions.