Government of India (GoI) has sanctioned release of capital of Rs 2130 crore towards contribution of the Central Government in the preferential allotment of equity shares of UCO Bank.
Above proposal for issue of equity shares to GoI on preferential basis against capital infusion of Rs 2,130 crore will be placed through circular resolution before the board of directors of the bank on or after October 3, 2019.
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.
