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UCO Bank approaches LIC for equity infusion

09 Aug 2019 Evaluate

UCO Bank has approached Life Insurance Corporation of India (LIC) for equity infusion. The lender has sought in excess of Rs 1,000 crore as equity from the insurance major.

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 961.00
PNB 122.50
Bank Of Baroda 238.50
Canara Bank 118.35
Union Bank Of India 185.20
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