UCO Bank to raise Rs 935 crore via preferential shares to government

UCO Bank will issue equity shares to the Union government on a preferential basis against a capital infusion of Rs 935 crore. The bank at its board meeting held on March 28, 2016 has considered the proposal for issue of equity shares subject to necessary approvals from shareholders and other authorities.

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.