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.