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UCO Bank to issue equity shares on preferential basis to Govt

17 Jan 2020 Evaluate

UCO Bank has received approval for the issue of equity shares on preferential basis to Government of India against capital Infusion of Rs 2,142 crore. The Board of Directors of the bank at its meeting held on January 16, 2020 has approved the same.

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 989.00
PNB 117.45
Bank Of Baroda 233.40
Canara Bank 123.25
Union Bank Of India 176.95
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