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UCO Bank has informed the exchanges that the Hong Kong Monitory Authority while assessing the implications of the capital position of the bank has enhanced the supervisory arrangements on its Hong Kong Centre, inter-alia for the following: a) Hong Kong Centre should maintain high-quality liquid assets (HQLA) equivalent to 100 per cent of unpledged deposits, b) Hong Kong Centre should not proactively solicit customer deposits. However, transactional deposits such as pledged deposits for commercial loans would be excluded from this supervisory arrangement, and c) The Hong Kong Centre should maintain a position of “net due to” the Head Office, other branches and any direct or indirect subsidiaries and associates of the bank, and d) Hong Kong Centre should not incur additional non-bank credit exposure. The stock of UCO Bank closed at ₹19.30, up 3.21 per cent on the BSE, compared to its previous close
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