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UCO Bank gets nod to raise Rs 2,600 crore through preferential issue

08 Apr 2021 Evaluate

UCO Bank’s board has approved the proposal for the issue of equity shares on preferential basis to the government of India against capital infusion of Rs 2,600 crore. An extraordinary general meeting of the shareholders of UCO Bank will be held on May 7, 2021 (through video conference) for seeking approval from them for the proposal.

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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