Board of UCO Bank to consider raising funds worth Rs 1,000 cr via bonds

Board of directors of UCO bank will consider the proposal for raising Rs 1,000 crore in the form of Additional Tier I Bonds, in a meeting scheduled on January 3

PSU Watch Bureau

Published:28th Dec, 2022 at 1:06 PM

New Delhi: State-owned UCO Bank intimated the stock exchanges on Wednesday that the "board of directors of the bank will consider the proposal for raising of Tier I capital in the form of Additional Tier I Bonds in one or more tranches aggregating to Rs 1,000 crore from market at its meeting scheduled on January 3, 2023."

(PSU Watch– India's Business News centre that places the spotlight on PSUs, Bureaucracy, Defence and Public Policy is now on Google News. Click here to follow. Also, join PSU Watch Channel in your Telegram. You may also follow us on Twitter here and stay updated.)

Board of UCO Bank to consider raising funds worth Rs 1,000 cr via bonds

Board of directors of UCO bank will consider the proposal for raising Rs 1,000 crore in the form of Additional Tier I Bonds, in a meeting scheduled on January 3

Also Read

Vivek Kumar Dewangan (IAS) appointed Secretary of NCSC

Rs 37,500-crore coal gasification scheme finds no applicants so far: Sources

Electrical fault trips all seven units at NTPC’s Korba plant during Power Grid breaker testing

SEFI urges Centre to create a 'mega' steel PSU by merging SAIL, RINL, NMDC Steel & MECON

Indian Oil-backed MC²+ IGNITE to fund up to 30 energy start-ups; top ventures eligible for Rs 1.5 crore