UCO Bank has signed a Memorandum of Understanding with the Unique Identification Authority of India (UIDAI).
The MoU was signed by Mr Ajai Kumar, Executive Director of the bank, with Mr Ashok Pal Singh, Deputy Director General of UIDAI, according to a press statement issued by the bank.
The MoU would enable the bank to act as one of the registrars for UID projects and leverage its existing infrastructure for implementation of UID projects.
The bank has already drawn its financial inclusion plan for providing banking services to around 9,800 unbanked villages in the country. The bank plans to do the enrolment for financial inclusion along with the enrolment on behalf of UIDAI, the release said.
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