UCO Bank is planning to raise Tier I capital in the form of Additional Tier I Bonds in one or more tranches aggregating to Rs 1000 crore from market. The Board of directors of the Bank will consider the proposal at its meeting scheduled to be held on January 3, 2023.
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.