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UCO Bank to receive capital infusion of Rs 1150 crore from GoI

25 Mar 2017 Evaluate

Kolkata-headquartered UCO Bank has received a communication from Ministry of Finance, Government of India (GoI) vide its letter dated 16 March 2017 informing inter alia capital allocation of Rs 1150 crore in the Bank as a part of turnaround linked capital infusion plan. The public sector lender is awaiting board approval for issue of shares to the Centre.

UCO Bank is a commercial bank and a Government of India Undertaking. The Bank offers wide range of services includes Personal Banking, Corporate Banking, International Banking, Rural Banking and other services.

Peers
Company Name CMP
State Bank Of India 941.00
PNB 116.00
Bank Of Baroda 235.00
Canara Bank 118.10
Union Bank Of India 171.45
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