UCO Bank is planning to acquire additional 100 shares of face value Rs 1,00,000 each of PSB Alliance at a total cost of Rs 1.14 crore. Post Investment, UCO Bank will hold 200 shares of face value Rs 1,00,000 each aggregating 8.33% of the capital of the company.
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.