UCO Bank declares Yashovardhan Birla as wilful defaulter

UCO Bank on Sunday declared Yashovardhan Birla as a wilful defaulter after his company, Birla Surya group, failed to repay loans of Rs 67.65 crore. Yashovardhan Birla is also the Chairman of the Yash Birla Group. In a public notice which also carried a photo of Yashovardhan Birla, UCO Bank said the account was declared a non-performing asset on June 3, this year. The bank further said that the borrower didn't repay the dues despite several notices served by the Kolkata-based lender.