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Uco Bank
Business  /  Published 08.08.19

Uco turns to LIC for cash prop

The Life Insurance Corporation could play a key role in Uco Bank’s capital-raising plan in the current fiscal.The city-based bank envisages a capital requirement of Rs 4,500-5,000 crore in 2019-20. ...
By A Staff Reporter in Calcutta

Business  /  Published 21.10.19

Uco Bank to raise Rs 500 crore

Uco Bank is looking to raise Rs 500 crore through its Basel III compliant tier-2 bonds in a bid to strengthen its capital base.The capital adequacy ratio of the bank stood at 10.88 per cent at the end...
By A Staff Reporter in Calcutta

Business  /  Published 07.07.19

Recap to help weak banks

Hopes have brightened for banks that continue to remain under the RBI’s prompt corrective action (PCA) framework. Union finance minister Nirmala Sitharaman’s Rs 70,000-crore bank recapitalisation ...
By Our Special Correspondent in Mumbai


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