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UCO Bank aiming at growth of 7-10% in current fiscal

29 May 2021 Evaluate

UCO Bank is aiming at a growth of 7-10 per cent in the current fiscal amid the second round of restructuring guidelines from the regulator due to the second wave of COVID-19 disruptions.

The bank also allotted 203.76 lakh shares to the government at Rs 12.76 per share against Rs 2,600 crore infusion in the bank. The bank board had also approved a further capital raising plan of Rs 3,000 crore in 2021-22.

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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